Oversupply is putting pressure on poultry prices in many global markets, according to the latest report from Rabobank China, Brazil and Mexico are the only countries where prices are performing “relatively” well, the latest Rabobank report has revealed. Most other regions are suffering from oversupply, and more disciplined supply will be required if the industry is to return to profitability in the second half of 2019. Effect of ASF on poultry market “Some market upside is expected to come from rising prices and demand substitution, given the impact of ASF on global pork markets,” according to Nan-Dirk Mulder, senior animal protein analyst. Read more...
The current European pig crisis is mainly caused by overproduction, and not by the Russian ban on agricultural produce. That is the view of Robert Hoste, pig production economist at theAgricultural Economics Institute(LEI) ofWageningen University and Research, the Netherlands. Hoste spoke last week at the annualEuropean Pig Producers congressheld in Dublin, Ireland. One of the major themes these days in Europe's pig industry, is the current price crisis, as the business hasn't been a profitable one for a while – with ongoing low prices per pig and ongoing societal demands for investments. Situation with Russia is blamed, ASF closed. Read more...
Russia has increased meat production volumes by 13.5% to 792,000 tonnes (t) from January-April 2016 compared with the same period last year, according to a recent report from Russia’s State Statistical Service. Assuming this pace of development continues, the country could experience a major oversupply problem. Read more...
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