Trends in world meat prices: analysis and forecasts

One of the key reasons for the decline in poultry MEAT prices is the increase in EXPORT supply against the backdrop of declining domestic demand in a number of large producing countries. This factor had a significant impact on the formation of world prices for this type of meat. At the same time, the slight decline in beef prices is due to weak import demand coupled with excess export supply, especially in the Oceania region.

The situation with prices for pork and lamb turned out to be the opposite. Global pork prices continued to rise, supported by increased demand and reduced supply, mainly in Western Europe. Lamb also rose in price due to increased global purchases, despite high export volumes from the Oceania region.

it should be noted that the FAO Meat Price Index is an important tool for tracking the dynamics of global meat prices. However, it is worth considering that most of the prices used to calculate this index may not be known at the time of calculation and publication. Therefore, the price dynamics reflected in the index are based on a combination of forecast and actual price data.

Overall, the global meat market continues to be affected by various factors, such as changes in supply and demand, geopolitical events and climatic conditions. Analysis and forecasting of meat prices remain important tasks for market participants and consumers, allowing them to make informed decisions and plan actions in a volatile global economy.