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The FAO Meat Price Index averaged 117.9 points in May, up 1.1 points (1.0%) from April, marking the fourth consecutive monthly increase, but still 5.0 points (4.1%) below its value in the corresponding month last year.
International poultry meat prices increased further in May, driven by the continued high import demand, especially from Asia, and some concerns over potential short-term supply challenges due to widespread avian flu outbreaks. World bovine meat prices increased slightly, underpinned by higher global demand for Brazilian supplies and persistent supply tightness in the United States of America, despite the continued high cattle slaughter in Australia. Pig meat prices rose for the fourth successive month, although only marginally, as supply limitations stemming from high production costs and animal diseases elsewhere boosted demand for Brazilian supplies. Meanwhile, world ovine meat prices fell on high export availabilities from Oceania.
June 2, 2023/ FAO.
https://www.fao.org
