The FAO projects a 1.4% increase in global meat production in 2024, reaching 373 million tons, primarily due to higher poultry and cattle output, while pork production may slightly decline. Poultry production benefits from strong consumer demand and favorable conditions despite bird flu, and beef production is up due to record cattle slaughter in Brazil. Lamb production is also expected to rise with Australia's sheep population recovery. Global meat trade could grow by 3.2% to 41.9 million tons, driven by strong US beef demand and easing economic issues. Despite increased supply, international meat prices are rising due to strong import demand, limited domestic stocks, and challenges like animal diseases and geopolitical issues. The global meat market is poised for further development but faces challenges from epizootics and economic fluctuations in 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to FAO forecasts, world meat production in 2024 will reach 373 million tons in terms of slaughter weight, which is 1.4% more than the previous year. The main drivers of growth are increased production of poultry meat and cattle. On the other hand, the volume of pork production is expected to decrease somewhat. PigUa writes about it. Thus, the expected growth of poultry meat production is explained by high consumer demand due to an affordable price and favorable production conditions, despite outbreaks of highly pathogenic bird flu in certain regions. The increase in beef production is due to record cattle slaughter volumes, mainly in Brazil, where lower production costs and steady global import demand are driving industry growth. An increase in lamb production is forecast due to an increase in slaughter supply in Australia following a recovery in the sheep population and strong international demand. A slight decrease in pork production is expected mainly due to measures ...