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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 strength stemmed from higher world poultry, pig and bovine meat prices.
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 amidst 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. Regarding ovine meat, the pandemic-related lockdowns and port delays in China eased the country’s meat purchases, pushing prices marginally lower.
May 6, 2022/ FAO.
https://www.fao.org
