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

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 ...