The global pork market surged in June, contributing to an all-time high in the FAO Meat Price Index, according to the United Nations Food and Agriculture Organization (FAO).
The FAO reported that its Meat Price Index rose by 2.1% in June to reach 126 points—the highest level since the index began in 1996. Compared to June 2024, the index is now 6.7% higher.
While all major meat categories—beef, sheep, and pork—recorded gains, pork stood out due to its stable global supply and strong import demand. According to the FAO, “Pig meat quotations rose due to firm global import demand amid stable supplies.”
Bovine meat prices also hit record highs, driven by tight Brazilian exports, strong U.S. demand, and elevated Australian beef export values. Meanwhile, sheepmeat prices increased for the third straight month. Poultry was the only category to decline, largely due to trade restrictions stemming from avian influenza outbreaks.
In its broader report, the FAO noted that the overall Food Price Index increased modestly by 0.5% to 128, with gains in meat, vegetable oils, and dairy offsetting declines in cereals and sugar.
🐖 Why It Matters for Pork Producers
This global pork price rally signals growing resilience in the swine sector. With supply relatively flat and demand surging in key import markets, producers may benefit from continued upward pressure on prices—though volatility in other protein markets and feed costs remain concerns.
The continued decline in poultry prices may also open more room in the market for pork, especially in regions affected by HPAI-related poultry supply disruptions.
As global food prices adjust to shifting trade dynamics and disease pressures, pork continues to play a pivotal role in protein security—and profitability.