Page 54 - Food Outlook

MEAT AND MEAT PRODUCTS
Major Meat Exporters and Importers
Market assessments
PRICES
Moderate price increases
Major Exporters Major Importers
Figure 1. FAO monthly meat price index (2002-2004=100)
2017
After increasing from January to June 2017, international
meat prices levelled off. In the first half of the year, the
price increases were underpinned by a lively import demand
for most meat categories. Short availabilities for export
were also behind steeply rising ovine meat price, also
providing support to bovine prices. Since July, increased
competition and more sluggish import demand have
weighed on international meat prices of all meats. Across
the various meat categories, the ovine meat prices gained as 150 much as 39 percent, while bovine, poultry and pigmeat prices individually increased by nearly 7 percent. The FAO Meat
2015
2016
Price Index gained 9 percent, or 14 points, between January and October 2017, mainly reflecting the price movements of bovine, pig and poultry meats, which have larger weights in the index.
MEAT PRODUCTION AND TRADE
140 JFMAMJJASOND
Figure 2. FAO monthly international price indices for bovine, ovine, pigmeat and poultry meat (2002-2004=100)
Production to recover growth, but the trade
expansion to slow down
After stagnating in 2016, world meat production is
forecast to recover in 2017, increasing by 1.1 percent, or
3.5 million tonnes, to 324.8 million tonnes, amid moderate 140 increases in bovine, pig and poultry meats and a modest gain
Bovine
Pigmeat
2014 2015 2016 2017
in ovine meat. Much of the global meat output expansion is forecast to originate in the United States, Brazil, the
FOOD OUTLOOK NOVEMBER 2017
180
100
2010 2011
48
200
190
180
170
160
260
220
Ovine Poultry
Total meat
2012 2013