May 16, 2023

FAO Meat Price Index: Prices for pork, poultry and bovine rose in April

The FAO Meat Price Index averaged 114.5 points in April, up 1.5 points (1.3%) from March and standing 7.4 points (6.1%) below its value in the corresponding month last year.

In April, international price quotations for pig meat rose the most on increased import purchases by Asian countries and the continued supply limitations in several leading exporters due to high production costs and animal health issues.

Meanwhile, global poultry meat prices rebounded, following nine months of continuous declines, as import demand increased from Asia, while supply limitations arising from widespread avian influenza outbreaks continued in many regions.

International bovine meat prices also increased, in response to a decline in cattle supplies for slaughter, especially in the United States.

- FAO