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31 Oct 2022

Global poultry industry perspectives for this last quarter of 2022

According to a recent Rabobank report, chicken for the global poultry industry, in the last quarter of 2022, chicken is forecast to remain...

Global poultry industry perspectives for this last quarter of 2022

According to a recent Rabobank report, chicken for the global poultry industry, in the last quarter of 2022, chicken is forecast to remain affordable in times of higher costs and supply challenges.

The outlook for the global poultry industry in the fourth quarter of 2022 and early 2023 remains strong, despite significant challenges in global poultry farming and some recent setbacks in North America, according to a recent Rabobank report.

  • From a market perspective, a weaker economic climate with pressure on purchasing power will lead to more price-driven consumer behavior, supporting poultry consumption as it is the cheapest meat protein option.

MARKET PERFORMANCE

The local economy's dependence on energy trading will also influence market performance.

Cobbcares INT digestFast

OPERATIONAL CHALLENGES

The biggest operational challenges are:

Rabobank expects feed prices to approach Q1 levels for the remainder of 2022 and early 2023, which is 10% to 15% below the Q2 peak.

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THE GREAT INFLATION

High-cost price inflation, among other inputs, means there is little room to lower chicken prices. This is especially the case in Europe, where winter energy futures prices reach up to 10 times higher than average.

RISK OF AVIAN INFLUENZA SPREAD

Avian Influenza continues to spread globally, with ongoing cases in the Northern Hemisphere, even in summer, in Southeast Asia and Africa.

ADJUSTED GLOBAL SUPPLY AND PRICE INFLATION

Tight global supply and price inflation have led to record trade volumes of 3.5 million metric tons in the second quarter of 2022, and we expect the market in the second half of 2022 to be even stronger.

A BALANCED PRODUCTION

In this highly challenging global market context, it will be essential to keep production balanced.

WHERE THE POULTRY INDUSTRY FOCUS SHOULD BE

The focus of the global poultry industry must be on excellence in operations. This means efficiency in times of inflation, big challenges, and supply disruptions makes the difference between good and bad performance.

Source: Nan-Dirk Mulder, Senior Analyst-Animal Protein para Rabobank

It may interest you: How is global chicken production forecast for 2023?

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