Global Prices for Lamb and Beef Set New Records in Spring 2026

The global meat market continues to show dynamic growth. According to the latest analytical data from the Food and Agriculture Organization of the United Nations (FAO), in February 2026, the meat price index reached 126.2 points, which is 8% higher than the same period last year.

This is reported by AgroReview

Record Price Increases for Lamb and Influencing Factors

The main drivers of the price increase remain beef and particularly lamb. The price of the latter has reached historic highs, which experts attribute to a significant decrease in exports from Oceania. This region traditionally plays a leading role in global lamb supplies, and the reduction in supply has led to a shortage in global markets.

At the same time, demand for beef is significantly increasing from China and the USA. Both countries are ramping up import purchases, which further stimulates price increases. The situation for pork and poultry remains relatively stable: a slight increase in prices in the USA has been offset by excess supply from Brazil, which maintains competitiveness in the market due to its capabilities.

Analysis of Current Trends and Forecasts

It is worth noting that the FAO’s February review is partially based on forecast data, as final price indicators were not available for all markets at the time of publication.

Overall, the market is gradually emerging from a prolonged period of stagnation. In the European pig farming sector, seasonal delays in slaughter are now being resolved, while leading poultry-producing countries are ensuring a sufficient level of supply to balance the growing demand.

“The main drivers of this increase have been beef and particularly lamb, the price of which has reached historic highs. Such fluctuations are due to changes in the supply balance from key exporters and the consistently high appetite of major global consumers.”