Tridge summary
The USDA GAIN report has noted a decrease in the average price of EU chicken meat in 2023, attributed to lower feed costs following high prices in the previous years. However, early indications for 2024 show a rise in prices due to increased domestic demand. The report also highlights significant price variations among EU Member States, with Germany and France having the most notable difference of €1.5 per kilo. This has resulted in an increase in Polish chicken meat exports to other EU countries, sometimes replacing imported Brazilian chicken meat.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
After historically high prices in 2021 and 2022, the average price of EU chicken meat fell in 2023, benefiting from lower feed costs, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. Initial data for the first six months of 2024 indicate that prices are again rising driven by strong domestic demand. Within the EU there are significant price differences between Member States. This is particularly true for broiler meat. On average, chicken prices in Germany are €1.5 per kilo ($0.68 per lb.) higher than in Poland. The average price differential with France is 0.7 ...
Source: Thepoultrysite
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