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The FAO Meat Price Index averaged 105.0 points in May, up 2.3 points (2.2 percent) from April, registering the eighth monthly increase and lifting the index 10 percent above its level of one year ago, but still nearly 12 percent below its peak reached in August 2014.
In May, price quotations for all meat types represented in the index rose, principally underpinned by a faster pace of import purchases by East Asian countries, mainly China. Tightening 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.
June 3, 2021/ FAO.
http://www.fao.org/
