The global meat price index, measured by the Food and Agriculture Organization of the United Nations (FAO), reached a new record in April, closing at 121.9 points. The increase is 2.2% compared to the previous month (March) and occurred especially in beef and poultry prices.
In an announcement, FAO explained that global beef prices have increased moderately, reflecting high export volumes from Brazil, despite the low slaughter cattle supply. “With this increase, bovine meat prices have reached a new record high.”
The price of poultry meat was supported by strong demand at a time of tight supply, with the interruption of supplies from Ukraine and new outbreaks of avian influenza in the Northern Hemisphere.
Meat prices are considered to calculate the FAO Global Food Price Index, which includes values for sugar, vegetable oil, cereal, and dairy products. In April, this global index fell by 0.8% in relation to March, closing at 158.5 points. The sharp drop in the price of vegetable oil and the slight reduction in the prices of grain influenced the result.