World pork prices rose in February

In February, global poultry prices declined for the eighth consecutive month, reflecting abundant global supplies compared to weaker import demand, despite outbreaks of avian influenza in several leading producing countries.

In contrast, international pork prices rose on market concerns about low availability of ready-to-slaughter pigs amid rising domestic demand in Europe. Meanwhile, beef prices have remained stable after a steady decline since June 2022 as increased import purchases, especially from North Asia, have kept global demand relatively well balanced with current supplies.

International mutton prices were also broadly flat as global demand was sufficient to cover increased supplies from Australia.