By Garra - 22/07/2022 in Brazil and World

Global meat price index hit new record high in June

Meat prices hit record in June. The global meat price index, measured by the Food and Agriculture Organization of the United Nations (FAO), rose 1.7%, when compared to May, and 12.7% against the same month in 2021.

The index has been recording consecutive records since March this year.

Every protein had an increase in prices last month. The main rise was registered in the costs of chicken, influenced by a scenario of limited global supply due to the conflict in Ukraine and outbreaks of avian influenza in the Northern Hemisphere.

Beef prices have also increased, after the lifting of restrictions on Brazilian protein purchases by China.

Pork prices, on the other hand, had a slight recovery, boosted by an increase in imports by major importers in a period of reduced purchases by China.

Lamb meat prices also increased, influenced by the lower volume exported by New Zealand, despite subdued demand from North Asia.

Meat prices are considered to calculate the FAO Global Food Price Index, which tracks monthly changes in the international prices of a basket of commonly traded food commodities. In May, the global index fell 2.3% in relation to May, closing at 154.2 points. The drop was led by declines in the vegetable oil, cereals and sugar dairy prices.

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