Global chicken meat prices skyrocket due to restored demand in the HoReCa, a flash of the bird flu and increasing costs for grains

Published 2021년 9월 7일

Tridge summary

The global chicken meat market is experiencing a surge in prices due to increased demand, rising feed and food costs, and a decrease in chicken slaughter rates in the EU, South Korea, and Japan. Despite these challenges, worldwide production and exports are expected to remain steady in 2021. However, demand in China is declining as the pig population recovers and hog prices decrease. The banning of Brazilian chicken imports by Saudi Arabia may impact export volumes, but this will be balanced by increased supply from the U.S. and China. The report also highlights the impact of the bird flu on production in the EU, South Korea, and Japan, and the significant production volumes in the U.S., China, and Brazil.

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

Original content

IndexBox has just published a new report: ‘World – Chicken Meat – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings. Since the start of 2021, prices in the global chicken meat market shot up as a result of high demand, rising costs for feed grain and food as well as a decreasing rate of chicken slaughter in the EU, South Korea and Japan. Heightened costs for shipping containers are additionally driving the growth in export prices. As of year-end 2021, worldwide production and exports of chicken meat are forecast to remain at the previous year’s level. Demand for chicken meat in China is dropping while the pig population in the country is recovering and hog prices are decreasing. Saudi Arabia’s ban on imports of chicken products from Brazil may lead to diminished exports from that country. All around the world this year, prices for chicken meat are growing at a fast pace. According to FAO, export prices for chicken cuts and edible ...

Source: Globaltrademag