World prices for poultry meat are rising again

Published 2023년 5월 8일

Tridge summary

The FAO reported a 1.3% increase in the global meat price index in April, but an 6.1% decrease from the previous year. The rise in April was primarily due to increased pork imports from Asian countries and reduced beef supplies, especially in the US, due to high production costs and animal health issues. Poultry prices also increased due to bird flu outbreaks and increased import demand from Asia. Lamb prices remained stable due to equal import and export supplies. The FAO notes that many prices were unknown at the time of calculation and publication. Saudi Arabia is interested in buying Ukrainian beef and lamb.

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

Original content

The average value of the FAO meat price index in April was 114.5 points, which is 1.3% higher than in March, but 6.1% lower than for the same period in 2022. This was reported to the FAO. In April, global pork price quotations rose primarily due to increased import purchases from Asian countries and tight supplies from several leading exporting countries due to rising production costs and animal health concerns. At the same time, world prices for poultry meat resumed an upward movement after a fall that lasted for 9 months. The reason is the growth of import demand from Asian countries, while in many regions the supply is limited due to the spread of bird flu outbreaks. Beef prices also increased due to a reduction in the supply of slaughter cattle, especially in the United States. Lamb prices in April were mostly stable, as the increase in export supply from the countries of Oceania practically corresponded to the increase in imports from the countries of Asia and the Middle ...

Source: Agrotimes