The FAO meat price index continues to fall globally

The FAO meat price index experienced a slight decrease in February, falling 0.1 points and 0.1% below January's figure and 1.9 points or 1.7% lower than the previous year. This decline is largely attributed to a drop in international poultry meat prices, which have been decreasing for the eighth month in a row due to high supplies and reduced import demand, despite bird flu outbreaks in major producing countries. In contrast, international pigmeat prices have risen, driven by concerns over the low availability of ready-to-slaughter pigs and increased domestic demand in Europe. Beef prices remained steady, with improved import buying balancing global demand and supplies, while sheepmeat prices remained stable due to sufficient global demand and high supplies from Australia.