Global poultry markets are bullish, but disease and geopolitical risks loom

Published Sep 17, 2024

Tridge summary

The global poultry market is expected to grow at a rate of 3% in 2024, driven by increased consumption and lower feed costs. This growth is despite challenges such as animal diseases and geopolitical tensions. RaboResearch also predicts a decline in feed costs, but concerns remain about supply chain pressures and profitability in the industry. Oversupply in China and Japan is leading to falling prices and reduced chicken imports, but demand for chicken imports is expected to increase in many markets in the second half of 2024.

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

Original content

The global poultry market outlook remains optimistic, driven by accelerating consumption across many regions, according to a recent report by RaboResearch. Lower feed costs and high prices for competing proteins are making poultry products increasingly attractive to consumers worldwide. The analysts have raised their forecast for global poultry market growth this year from 2.5% to 3%, spurred by recoveries in key markets such as China, the EU, India, Pakistan, and Southeast Asia. Strong retail demand and a rebound in foodservice consumption are also expected to support growth. However, the report highlights two major uncertainties: animal diseases and geopolitical tensions. "Both can significantly disrupt global trade flows at any time," warned Nan-Dirk Mulder, senior analyst for animal protein at RaboResearch. Current tensions in the Middle East, for example, have led to the rerouting of trade via South Africa, which is increasing transport times and costs between Asia and ...

Source: UKfeednavigator