May 17, 2022

FAO Meat Price Index sets record in April

The FAO Meat Price Index averaged 121.9 points in April, up 2.7 points (2.2%) from March and setting a new record high.

The continued price strengthening stemmed from higher poultry, pig and bovine meat prices worldwide.

Pig meat prices rose further, although less steeply than in March, on the prolonged low supply of slaughter pigs in Western Europe and high internal demand in large producing countries.

The poultry meat price increase was driven by solid demand amid tight global supplies, reflecting disruptions to exports from Ukraine and rising avian influenza outbreaks in the Northern hemisphere.

World bovine meat prices increased moderately, reflecting high export volumes from Brazil, despite the low slaughter cattle supply. With this increase, bovine meat prices reached a new record high.

- FAO