September 11, 2023

FAO Meat Price Index down 5.4% in August

The FAO Meat Price Index averaged 114.6 points in August, down 3.6 points (3.0%) from July and 6.5 points (5.4%) from its value a year ago.

This means international prices of all meat types have dropped last month. Pork prices declined, driven primarily by subdued import demand from leading importers, in tandem with abundant export availabilities in Europe amid limited internal sales.

Global poultry meat prices continued to decrease in August, principally underpinned by abundant supplies, especially from Brazil, despite large purchases by several leading importers in East Asia and the Middle East.

Bovine meat prices fell moderately due to ample supplies of slaughter-ready cattle in several leading producing countries and subdued import demand, especially in North Asia.

- FAO