Meatindex and Vindex become one uniform pork index

Until recently, there were two platforms to track the weekly evolution of cutting prices in the pig sector: the FEBEV Meat index and the Fenavian Vindex. This led to confusion. After a two-year integration process, both federations are now ready to work with the same pork index.

From two platforms to one

FEBEV, the federation of Belgian Meat, and Fenavian, the Federation of Meat Products, had until now each had their index for monitoring weekly price evolutions of cuts in the pork sector: Meatindex and Vindex. For companies in the sector, this created ambiguity and confusion, which made them call for the integration of both systems into one uniform pork index. After a two-year integration process, this is now in place in the form of one solid platform that reflects well the situation on the Belgian market.

More transparency

The unified index will better reflect market developments in the pork sector. This will initially provide the sector with more clarity and transparency. Moreover, the fact that only one pork index will be used from now on will give the pork sector a more effective tool to negotiate with retailers.

More representative picture

Now that the data from the FEBEV Meatindex and the Fenavian Vindex have been combined, price fluctuations on both the consumer side and the production side can also be taken into account. The integrated pork index is thus more representative than its predecessors.