The European poultry market outlook is positive, with high demand and tight global supply due to avian flu and high costs, leading to increased imports and pressure on exports. The market remains strong, with high broiler prices and increasing production, albeit below 2019 levels. High production costs have led to reduced production in Germany, France, and the Netherlands, while Poland and Ukraine have compensated with higher production. Trade restrictions due to bird flu and high EU prices have diminished the competitive position of European exporters, with total exports falling 15% in the fourth quarter of 2022. Rabobank predicts that feed costs, which account for 60-70% of production costs, will remain high but slightly lower than in 2022, with corn and soybean prices expected to decline in the second half of 2023.