FAO: Meat Price Index rises in March, driven by higher pork prices

Published 2025년 4월 8일

Tridge summary

The FAO Meat Price Index experienced a 0.9% increase in March, reaching 118.0 points due to higher pork prices, driven by Germany's regain of foot-and-mouth disease-free status and the subsequent lifting of import bans by the UK. Additionally, sheepmeat prices rose due to strong global demand ahead of Easter, and global beef prices increased due to tight supplies and strong demand. However, poultry meat prices remained stable despite avian influenza outbreaks in major producing countries, indicating balanced global supply and demand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The FAO Meat Price Index averaged 118.0 points in March, up 1.0 points (0.9%) from the revised February figure and 3.1 points (2.7%) from the year-earlier level. The increase was driven mainly by higher pork prices, mainly due to rising quotations in the European Union after Germany regained foot-and-mouth disease-free status, prompting major trading partners such as the United Kingdom of Great Britain and Northern Ireland to lift import bans. Rising demand helped stabilise the market, while the strengthening of the euro against the US dollar supported the upward trend. Sheepmeat prices also rose, supported by strong global demand ahead of Easter. Likewise, global beef quotations rose, reflecting tight global supplies and strong international ...

Source: 3tres3