Global Meat Prices Rise 7% with Lamb Leading Growth

Global meat prices have increased by 7% since the start of the year, according to a report by the UN Food and Agriculture Organization (FAO). Lamb has seen the sharpest rise at 31%, reflecting strong demand and limited supply.

Lamb remains the most dynamic and scarce segment of the meat market. Exports from Australia and New Zealand are unable to meet global demand, while suppliers target premium markets, primarily in the US and EU. In 2025, Uzbekistan is set to increase lamb production, supported by stronger feed availability and modernised sheep farming.

Beef prices globally have risen 12% and pork by 7%. Chicken is the exception, with prices falling due to a 2.9% increase in production.

World meat trade is expected to reach 43 mln tonnes in 2025. The main driver is high demand for beef, especially in the US, where domestic production falls short. Brazil is redirecting some exports from the US to China due to new tariffs. In the chicken market, smaller exporters such as China, Thailand and Turkey are gaining market share from major suppliers.