New record for FAO meat price index

The FAO Meat Price Index averaged 127.3 points in July, 1.5 points (1.2%) higher than in June, 7.3 points (6.0%) above July 2024, reaching a new all-time high.

The increase was mainly due to higher beef and sheep meat prices, along with a slight rise in poultry meat quotations, while pork prices declined.

World beef prices reached a new record high, supported by higher quotations in Australia, underpinned by strong import demand — particularly from China and the United States — which exceeded available export supplies. Strong global demand also contributed to firmer prices in Brazil.

Sheep meat prices rose significantly for the fourth consecutive month, reflecting limited export supplies from Oceania amid sustained global demand.

Poultry meat prices increased slightly, driven by higher Brazilian export prices following the easing of restrictions and the gradual resumption of imports by several key trading partners after Brazil regained its status as free from highly pathogenic avian influenza (HPAI) in mid-June.

By contrast, pork prices fell, mainly due to lower quotations in the European Union, where abundant domestic supply coincided with weaker buying interest globally.