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The FAO Meat Price Index averaged 127.9 points in August, up 1.2 points (1.0%) from its revised July value and close to its level a year ago.
International poultry meat prices rose, reflecting a rebound in Brazilian export prices amid strong global import demand.
Pig meat quotations also surged, principally driven by higher prices in the European Union, where high temperatures continued to slow animal growth, limiting the availability of slaughter-ready pigs. The increase was partly offset by lower Brazilian prices amid ample supplies.
Ovine meat prices increased on firmer quotations in New Zealand, underpinned by persistently limited export supplies and strong global import demand.
By contrast, international bovine meat prices declined. With Brazil’s allocation under China’s beef safeguard import quota nearing full utilization, exports slowed further amid prospects of higher tariffs on additional shipments, while Australia had already reached quota thresholds in China and the Republic of Korea. This intensified competition for alternative destinations, exerting downward pressure on export prices in both countries.
September 4, 2026/ FAO.
https://www.fao.org
