There has been a shift in the market in China, with falling prices and more local supply of pork and chicken, despite, in the case of swine production, volatility related to new African swine fever (ASF) outbreaks, and new strains of the virus, said Nan-Dirk Mulder, senior analyst, animal protein at Rabobank, as the group released its latest poultry industry quarterly.
Chicken production is forecast to grow 5% in China in 2021. “So, this year, China has less need for imports,” said the analyst.
And this is a trend that is bound to have an impact on global trade in terms of prices and volumes. It is not good news for Brazil, he said. China has been one of the growth markets for the poultry industry in that Latin American country.
However, recovery in several important import markets should support global poultry trade, he commented.
In Europe, last year was very challenging for the poultry sector with low prices, oversupply, and the decimation of the foodservice market trade. Now, with good vaccination rates, the economy is reopening, and the foodservice sector, which relies heavily on imports, is gradually returning, noted Mulder.
Japan’s poultry industry has also started to recover, and there has been a recent pick-up in demand for poultry imports in South Korea, he said.
AI, feed prices
Though avian influenza (AI) outbreaks remain a concern. Indeed, disease is still having a big impact on international markets, said Mulder.
“There are four factors impacting worldwide business: COVID-19 and ASF recovery, AI and high feed prices, and AI has created a lot of pressure in the northern hemisphere, in northeast Asia and in Europe. In Eastern Europe, parent stock has been affected as well,” he told FeedNavigator.
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July 02, 2021 at 07:38PM
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Outlook for the global poultry industry is improving - FeedNavigator.com
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