Meat List is a service of FAO's Markets
and Trade
The FAO
Meat Price Index* averaged 117.1 points in November, down 1.1 points (0.9 percent) from October, also marking the fifth consecutive monthly decline, but remained 4.6
points (4.1 percent) above its value a year ago. In November, international bovine meat prices fell for the fifth month in a row, as increased export supplies from Australia added to already high supplies from Brazil, notwithstanding China’s continuing strong
import demand. By contrast, world prices of all other meat types rebounded, with the price of ovine meat rising the most, driven by solid import demand, despite seasonally rising supplies from Oceania. International poultry meat prices also recovered, reflecting
tighter global export supplies amid production setbacks in many large producing countries due to intensified avian influenza outbreaks. Meanwhile, pig meat prices rose on a surge in demand ahead of the upcoming holiday period and the impact of currency movements.
* Unlike for other commodity groups, most prices utilised in the calculation of the FAO Meat Price Index are not available when the FAO Food Price
Index is computed and published; therefore, the value of the Meat Price Index for the most recent months is derived from a mixture of projected and observed prices. This can, at times, require significant revisions in the final value of the FAO Meat Price
Index.
To unsubscribe from the Meat-L list, click the following link:
&*TICKET_URL(Meat-L,SIGNOFF);