FAO reports growth in global meat production in 2023

it is expected that trade in MEAT and meat products on the world market this year will reach 42 million tons, which will also be a result close to last year.

Bird

Despite cases of avian flu and high feed prices, global poultry production could rise in volume amid increased demand, analysts say.

Mutton

Lamb output, according to FAO estimates, will be increased in Asia and Oceania.

Pork

Unlike lamb, global pork production is expected to decline due to outbreaks of African swine fever in European countries. At the same time, the demand for pork decreased and the profitability of production decreased.

cattle

The volume of production of cattle (cattle) at the end of 2023 may be reduced in volume, according to the report. This is happening against the backdrop of rising feed prices and a shortage of forage.

Price reduction

Meat prices reached a record high in June 2022, but began to decline in the second half of the year. The supply of meat from exporters has increased, while the demand for spot meat supplies to importing countries has fallen.