Global: Poultry sector poised for growth amidst lower feed costs, but bird flu threat looms

Soybean Meal

Argentina

South Korea

Published Dec 23, 2023

Tridge summary

The global poultry industry is expected to grow at a rate of 1.5% to 2% due to lower feed costs, with the most growth occurring in Southeast Asia, the Middle East, and Latin America. However, oversupply in China and the EU is slowing growth in those regions. The industry is facing the threat of bird flu outbreaks in multiple countries, which is expected to increase in the coming months and is causing concern for the industry's biosecurity. The European poultry landscape is also facing potential changes due to regulatory shifts focused on higher welfare standards and improved traceability.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Global poultry industry growth will accelerate from 1.1% this year to 1.5% to 2% due to lower feed costs, finds an industry outlook. Rabobank published its expectations for the global poultry market this week. Most growth will be in Southeast Asia, the Middle East, and Latin America, but at below-average levels, while China and the EU have been struggling with oversupply, notes Nan-Dirk Mulder, senior analyst, animal protein, with that organization. Geopolitical and economic trends Looking to feed price movements, Rabobank sees them tracking slightly lower. Mulder expects soybean meal to be the most bearish in terms of pricing due to the expected recovery in Argentina soybean production. In general, wheat supply is tight, globally, and a concern going forward is El Niño, with mixed opinions as to how that climate pattern will play out, he remarks. In addition, global geopolitical issues like the Ukraine war, turmoil in the Middle East, and weather risks could also affect input ...

Source: UKfeednavigator