Global chicken production will grow to a record high in 2024, USDA says

Published 2023년 10월 17일

Tridge summary

According to a report from the USDA, world chicken production is expected to increase by 1% in 2024, reaching a record 103.3 million tons. Although China's production is projected to decrease, the increase in production in the USA, Brazil, and other medium-sized producing countries will compensate for this. Global exports are also forecasted to grow by 3% in 2024, with Brazil's exports surpassing 5 million tons. Despite a global economic slowdown, demand for chicken is expected to remain stable due to its relatively low cost compared to other animal proteins.

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

Original content

World chicken production will grow by 1% in 2024 to a record 103.3 million tons. This is stated in the report of the US Department of Agriculture (USDA). The increase in production in the USA (up to 21.4 million tons) and Brazil (up to 15.05 million tons), as well as in many medium-sized producing countries, compensates for the decrease in China (13.87 million tons). Lower feed costs are expected to boost production worldwide, while highly pathogenic avian influenza (HPAI) is expected to recover in affected countries such as Argentina, Chile, the EU, Turkey and South Africa. Global exports are forecast to grow by 3% in 2024 to a record 14 million tonnes, following relative stagnation in trade growth in 2023. Exports from Brazil will increase to more than 5 million tons. Despite the global ...

Source: Agrotimes