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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Rabobank Predicts Moderate Global Chicken Expansion

07/07/2024

In their quarterly Global Poultry Review, Rabobank anticipates a 1.5 to 2.0 percent year-over-year expansion in global broiler production.

 

Consumption will be driven by increased spending power with demand for value-added products.  A decline in feed cost representing more than 65 percent of live bird expenditure is  currently beneficial, but ingredient prices may rise as a result of climatic extremes and freight-related cost influenced by geopolitical events.  Avian influenza is now endemic in many areas of the world and will be an important consideration during the winter seasons in both the northern and southern hemispheres respectively.

 

Overproduction in China will continue and will constrain imports.  This will result in the U.S., Brazil and possibly Russia searching for other markets for low-priced commodity products including leg quarters and even feet.


 
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