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The FAO Meat Price Index averaged 116.6 points in May, down marginally (0.2%) from April and standing 1.3% below its corresponding value one year ago. International prices of poultry and bovine meats fell, while those of pig and ovine meats increased. The drop in world poultry meat prices reflected increased exportable availabilities amid lower internal demand in some major producing countries, whereas the slight drop in bovine meat prices was caused by a sluggish import demand coupled with ample exportable supplies from Oceania. By contrast, the month-on-month increase in world pig meat prices was underpinned by a demand uplift and lingering supply tightness, mainly in Western Europe. Meanwhile, ovine meat prices rose due to higher global purchases, despite the abundant exportable supplies in Oceania.
June 7, 2024/ FAO.
https://www.fao.org
