Frozen Whole Chicken Prices in Spain Up 5.6% YoY in W48 Amid Impending New Animal Welfare Law

The wholesale price of frozen whole chicken in Spain averaged USD 2.47/kg in W48, a 5.6% YoY uptick. The price increase is attributed to the impending Animal Welfare Law of the EU, which mandates a 30% reduction in poultry farm space and a significant 72% decrease in the number of birds. This forthcoming legislation is expected to affect livestock-related activities negatively. Consequently, chicken prices are forecast to skyrocket in the coming months.