Monthly update
The FAO Meat Price Index* averaged 126.0 points in June, rising 2.6 points (2.1 percent) from May and up 7.9 points (6.7 percent) from its value a year earlier, marking a new record high. The increase was driven by higher prices across all meat categories, except poultry. Global bovine meat prices reached a new peak, reflecting tighter export supplies from Brazil and strong demand from the United States of America, which exerted upward pressure on Australian export prices. Pig meat quotations rose due to firm global import demand amid stable supplies, while ovine meat prices increased sharply for the third consecutive month, supported by steady international demand and lower export availabilities from Oceania. By contrast, poultry meat prices continued to decline, pressured by ample domestic supplies in Brazil following the introduction of export restrictions after the detection of high pathogenicity avian influenza (HPAI) in mid-May. However, the impact was partly offset later in the month, as Brazil’s HPAI-free status was reinstated after a 28-day period without new outbreaks in commercial farms, leading some trading partners to ease restrictions and prompting a gradual recovery in import demand.
* Unlike for other commodity groups, most prices utilised in the calculation of the FAO Meat Price Index are not available when the FAO Food Price Index is computed and published; therefore, the value of the Meat Price Index for the most recent months is derived from a mixture of projected and observed prices. This can, at times, require significant revisions in the final value of the FAO Meat Price Index.
https://www.fao.org/docs/marketsandtradelibraries/fpi-indices/fao-meat-price-indices-jul-2025.xlsx?sfvrsn=7daef2cf_4
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