Rabobank forecasts that the world meat market in 2022 will be stable

Rabobank predicts a surge in prices for pork, poultry, and farmed seafood, while beef and fish catches are expected to dip slightly. China's recovering pig herd is set to drive the global pork market's growth in 2022, with Southeast Asia, North America, and Brazil also contributing. However, animal feed prices, which had seen a significant rise, are anticipated to stabilize in 2022. The livestock industry's profit margin remains low.

The report also forecasts meat supply trends across key markets. In North America, there's a mixed forecast for different markets. Brazil's poultry production is expected to keep growing, and China will continue to be a significant export market. In Europe, both pork and beef supply are predicted to decline, leading to higher beef prices. China's pork output is projected to rise, but demand is increasing at a slower pace, resulting in an oversupply. Southeast Asia is recovering from a dip in poultry production, with Thailand and Vietnam leading the growth. India's broiler production will increase but at a slower rate due to high feed prices.