Beef/pork demand could decline in Europe in 2023

Published 2022년 12월 5일

Tridge summary

Rabobank's Global Animal Protein Outlook for 2023 predicts a steady consumption of poultry, but a slight decline in beef and pork consumption. The report addresses the challenges faced by meat, poultry, and seafood producers and processors, including rising input prices, supply chain disruptions, sustainability, and disease threats. It forecasts that global animal protein production will grow, but at a slower rate, with specific concerns about beef production in Europe due to tight budgets and structural issues. The report also emphasizes the need for addressing environmental issues in beef production, which may affect cost and profitability.

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

Original content

Europe’s poultry producers can expect “consumption to hold steady” in 2023, but beef and pork consumption could “decline slightly” next year, according to a new research report from Rabobank. The Global Animal Protein Outlook published by RaboResearch today (Monday, December 5) outlines that it will be another “year of change for the sector”. The report also highlights that producers and processors of meat, poultry and seafood are approaching 2023 after a year marked by “rising input prices and supply chain disruption”. The RaboResearch report notes that producers and processors also face the “need to adapt to sustainability challenges and disease threats to animal health if they are to remain competitive in the market over the longer-term”. In its Global Animal Protein Outlook 2023 report, RaboResearch outlines that prices paid for animal protein in 2023 will be “supported” by high feed costs and elevated energy prices. High costs in 2023 Looking back on 2022 Justin Sherrard, ...

Source: AgriLand