FAO Meat Price Index

The FAO Meat Price Index averaged 127.7 points in July, down 3.6 points (2.8 percent) from June, but still 1.1 points (0.8 percent) above its level a year earlier. This marked the first monthly decline in 2026, reflecting lower quotations across all meat categories except ovine meat. International poultry meat prices decreased from June, largely due to lower quotations in Brazil amid ample export supplies. Uncertainty over future access to the European Union market, due to the antimicrobial requirements, further fuelled expectations that higher-value products could be redirected to alternative markets, likely intensifying competition and weighing on prices. Pig meat quotations also declined, driven by abundant supplies in the European Union and subdued global demand, although high summer temperatures limited animal growth rates, providing some price support. World bovine meat prices eased, reflecting weaker import demand from Asia. In Australia, export prices softened as shipments to China and the Republic of Korea declined after annual quota allocations had been filled, making subsequent exports subject to higher tariffs, while in Brazil, exports slowed as China's beef safeguard quota approached full utilization. By contrast, ovine meat prices increased further in July, reaching a new record high, supported by persistently tight exportable supplies in Oceania and sustained global 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.

Download our data set with one click:

Related links