June 14, 2021

FAO's Meat Price Index sees 10% increase from 2020



The Food and Agriculture Organization's (FAO) Meat Price Index continues to rise, up 10% from 2020.


The index averaged 105.0 points in May, up 2.3 points (2.2%) from April, registering an eighth monthly increase and lifting the index 10% above its level of one year ago, but still nearly 12% below its peak reached in August 2014.


In May, price quotations for all meat types represented in the index rose, mainly underpinned by a faster pace of import purchases by East Asian countries.


Tight global supplies also provided price support across all meat products, reflecting multiple factors ranging from slaughter slowdowns (in the cases of bovine and ovine meats) to rising internal demand for poultry and pig meats in leading producer regions.