FAO – Meat Market Review, 2023

According to the FAO's Meat Market Review for 2023, global meat production is expected to increase. This growth is primarily attributed to a higher supply of animals available for slaughter, which is made possible by favorable production conditions in some major meat-producing regions. However, the report also suggests that the international meat trade is likely to contract. This decline can be attributed to sluggish economic growth and the presence of high stocks in leading importing countries. Additionally, international meat prices have been on a downward trend since July 2023. This decrease can be attributed to an increase in export availabilities coupled with a slowdown in import demand.