April 15, 2024

FAO Meat Price Index in March increased for second straight month

The FAO Meat Price Index averaged 113.0 points in March, up 1.9 points (1.7%) from February, marking the second consecutive monthly increase.

At this level, the index stood only 1.7 points (1.5%) below its corresponding value a year ago.

Pork prices also increased, mainly reflecting higher internal demand ahead of the Easter holidays, notwithstanding increased supplies especially in Western Europe.

International poultry meat prices increased in March, underpinned by continued steady import demand from leading importing countries, despite ample supplies mostly sustained by reduced avian influenza outbreaks in major producing countries.

Global bovine meat prices continued to rise in March, mainly due to increased purchases by leading importing countries.

- FAO