Global poultry trade is expected to remain particularly volatile in the next quarter due to ongoing turmoil in Brazil and rising US-China trade tensions. But many local industries are still performing well as supply in regions like the EU, South Africa, Mexico, Indonesia and India is well-balanced, creating good, profitable conditions for the industry. Rabobank’s senior analyst animal protein Nan-Dirk Mulder said in the latest quarterly bulletin that he expected to see Brazilian exports drop at least 10% due in part to the trade restrictions set by the EU, China and the Middle East. China’s tariff on US soybeans is also expected to push up Brazilian feed. Read more...
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