MEAT PRICE INDEX - Q3 2025

The FAO Meat Price Index2 averaged 126.0 points in June 2025, 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. International pork* 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 highly pathogenic 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 28 days 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.

*Although pork meat is not consumed in the Middle East region, it is crucial to analyse its price since pork meat does have a significant impact on the global price index.

(Source2: https://www.fao.org/)