The increase was primarily driven by higher international prices for bovine, pig, and ovine meats, which more than offset a drop in poultry meat quotations.
- Ovine meat prices rose due to stronger quotations in Oceania, supported by robust global import demand — particularly from China, the Middle East, and Europe.
- Pig meat prices also climbed, bolstered by strengthening global demand and a sharp rise in German export prices following the country’s recovery of foot-and-mouth disease-free status.
- Global beef prices edged up to a new all-time high amid solid worldwide demand and limited exportable supplies in key producing countries.
- Poultry meat prices, by contrast, declined. This was mainly due to falling quotations in Brazil, where the detection of highly pathogenic avian influenza (HPAI) on a commercial farm in mid-May prompted several major importing countries to impose bans. The resulting oversupply pressured global poultry prices downward.
FAO analysts note that global meat price movements remain sensitive to both animal health events and shifts in international trade conditions.
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