Tridge summary
Poultry meat consumption is on the rise globally, with the market showing optimistic trends, particularly in Europe, China, the Middle East, South Asia, and Southeast Asia. Europe's poultry sector is experiencing a surge due to high demand and decreasing feed prices, with Poland being the top producer and exporter of breast meat. Europe witnessed a 4.5% increase in poultry meat production in the first half of the year, mainly in Hungary, France, Poland, Italy, and Spain. However, the market needs to maintain balance to prevent oversupply. Factors contributing to the demand include the meat's smaller ecological footprint, lower feed prices, and its sustainability compared to pork and beef. Despite these positive trends, RaboResearch highlights challenges such as geopolitical tensions affecting global trade and the ongoing bird flu situation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In 2023, poultry meat consumption grew by 1.1 percent and in 2022 by 0.6 percent. Consumption is growing faster in Europe, China, the Middle East, South Asia and Southeast Asia. Rabobank Research therefore calls the current developments for the poultry meat market optimistic. In Europe, the poultry meat sector is currently performing well. This is due to strong demand and slightly falling feed prices. Prices for breast meat are good. Poland is the largest producer and the largest exporting country in Europe of breast meat. Prices in this country were 11 percent higher in August 2024 than the same month last year. Prices for whole chickens and legs were 5 and 2 percent higher in Poland respectively. Only the price for chicken wings was 1 percent lower. Chicken on the menu more often In Europe, poultry meat is not only popular among consumers who buy the products in the supermarket. Restaurants and hospitality are also switching more often from pork and beef to poultry. It has a ...
Source: Nieuwe Oogst
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