With renewed economic growth now underway, all meat markets are set to recover quickly in the near term of the projection period. Nominal prices for beef and pork increase by 21% and 17%, respectively, to reach USD 3562/t d.w. Poultry prices are expected to be on average 32% higher reaching USD 1638/t p.w. When expressed in real terms (i.e. adjusted for inflation) prices are expected to trend higher than those observed during the decade of the 1990s, as high feed costs will somewhat constrain the expansion of output.