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All news / How Will The Devaluation Of The National Currency Help The Poultry Industry?

  • 04 Dec 2020, 11:24

Following the outbreak of COVID-19 and the devaluation of the national currency in many countries around the world, especially in developing countries, the poultry industry is facing new opportunities and problems.

Note that this pandemic had a devastating effect on the structure of the poultry industry in different parts of the world. The destruction of the overall structure and the reduction of consumer demand are among the most important effects of this disease that have affected the poultry industry.

Some experts believe that these problems could create new opportunities for the poultry industry.

Falling citizens’ incomes under such conditions can change the consumption structure in the local market of countries. The result of such a market is the replacement of cheap products with previous ones. This is an issue that poultry producers, especially in developing countries, need to think deeply about.

Following the increase in the price of basic needs for the production of poultry products and consequently, the increase in the price of these products, the purchasing power of final consumers has decreased. A great danger that is especially important for developing countries.

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Under such circumstances, governments can provide support packages to strengthen the presence of poultry products on the consumer table.

On the other hand, experts believe that the export of poultry products under such conditions can partially repair the infrastructure losses in developing countries. The devaluation of the national currency can lead to an increase in the share of poultry exports.

Note that the devaluation of the national currency under the above conditions can lead to more competitive exports of poultry products. But if these products are not sponsored by governments, those countries that will have the least access to raw materials for poultry products will surely win.

In the meantime, the role of countries such as China as the largest importer of poultry products will be of particular importance.

Ultimately, it seems that despite the current downturn in global markets, such decisions can save the poultry industry in developing countries from further losses and the risk of bankruptcy.