Signs of recovery from the global poultry market

Published 2024년 7월 4일

Tridge summary

Rabobank's Global poultry quarterly Q3 2024 report shows the poultry sector is recovering from instability, with chicken meat consumption driving growth. Demand for value-added products is increasing due to increased purchasing power and lower costs. The sector's growth is led by strong local markets and trade, especially in emerging markets. However, overambitious growth rates in China and Japan are negatively impacting local profitability. The United States, Brazil, and Russia are seeking alternative markets to offset reduced trade with China. Avian influenza and biosecurity are concerns, with risks shifting to the southern hemisphere. Rabobank also emphasizes the need for focusing on the supply of raw materials for feed and optimizing formulations due to the expected return of La Niña.

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

Original content

The Dutch institute Rabobank, which deals with financial analyzes at a global level for the agri-food sector, has published the Global poultry quarterly Q3 2024 report, according to which the prospects of the poultry sector at an international level are improving, driven by an accelerated growth of consumption of chicken meat (+1.5-2%). After four years of strong instability, the poultry sector is returning to "normal" market conditions. The demand for value-added poultry products is growing again as predicted in the previous report, thanks to a gradual increase in purchasing power and a decrease in costs. Global growth was driven primarily by strong local markets and then by trade; this is especially true for the emerging markets of Southeast and South Asia, Africa and Latin America. The fall in feed prices has made poultry products more accessible, supporting the recovery in demand. The European Union and the United States are performing well, with relatively high demand, ...

Source: Unaitalia