Full market due to poultry meat from Eastern Europe

Published Feb 3, 2023

Tridge summary

The Belgian Deinze and Barneveld broiler quotations have experienced a decrease due to an oversupply in the poultry meat market, attributed to increased imports from Poland and Ukraine. The European Commission's decision to exclude levies on Ukrainian chicken exports has significantly boosted imports, by 45,000 tonnes or 65%, compared to previous years. This oversupply, coupled with ample supply from Poland, has led to difficulty in placing Dutch poultry products in the market. Despite high energy prices, the market is not experiencing a traditional price dip in January and February. The current oversupply, caused by high production and tight supply due to bird flu, is expected to be temporary as demand for poultry meat remains strong.

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

Original content

Last week, both the free Belgian Deinze quotation and the Barneveld broiler quotation fell as a result. In Barneveld the price was reduced by 2 cents. This amounted to 1.17 euros. The Deinze quotation lost 4 cents to 1.20 euros per kilo. Contract prices are also under pressure. The Belgian ABC quotation fell by 2 cents to 1.23 euros per kilo last week. The VCN fell by 0.5 cents to 1.108 euros per kilo. Without taxes The price pressure has to do with the slack situation on the meat market. Poultry meat from Poland and Ukraine is widely available. Last spring, the European Commission took the decision to give Ukraine the opportunity to export eggs and chicken to the European Union (EU) without levies for a year. With this, the European Commission wants to help the Ukrainian population to mitigate the negative consequences of the war. The result of this measure is that Ukraine is exporting plenty of chicken to Western Europe. Compared to previous years, imports from Ukraine increased ...

Source: Nieuwe Oogst