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...
Global poultry prices may see an upward swing in 2019, as demand from China grows, and markets that have been in oversupply come into balance. Nan-Dirk Mulder, the author of the latest Rabobank poultry quarterly, says that with African Swine Fever decimating pig populations in China, consumers are seeking out poultrymeat as an alternative. He suggests pork production could be down 10%-20% in the country. Mr Mulder says in the reports that the past few quarters have been marked by major volatility because of a wide range of factors, including trade and disease restrictions and the US-China trade war. Production was particularly high in many markets including the US,. Read more...
Slower growth and greater volatility in the global poultry trade requires new market strategies, according to a report released by Rabobank this week. The study says that since 2011, global poultry markets have moved to a new reality of slower growth and higher volatility. Global poultry growth has fallen to only 1-2% per year and the share of trade in global markets had fallen from 11.5% to 10.9% - the first fall in many decades, reflecting the new reality of global markets. The study says that global trade has increasingly been challenged by ongoing avian influenza outbreaks, rising protectionism, changing standards in import markets as well as local supply. Read more...
Slower growth and greater volatility in the global poultry trade requires new market strategies, according to a report released by Rabobank this week. The study says that since 2011, global poultry markets have moved to a new reality of slower growth and higher volatility. Global poultry growth has fallen to only 1-2% per year and the share of trade in global markets had fallen from 11.5% to 10.9% - the first fall in many decades, reflecting the new reality of global markets. Global market growth is moving towards emerging markets – 90% of global growth is here and 65% of growth is in Asia. Photo: Shutterstock The study says that global trade. Read more...
Global poultry trade has become highly volatile, with Brazil very much at the centre of the turmoil. Aside from issues surrounding the weak flesh investigation and associated trade implications, the country has also faced a major truckers’ strike, which led to the massive culling of birds. Rabobank expects the global turmoil to continue in 2H 2018, as new issues are set to impact trade, such as rising US-Chinese trade tensions, the recent safeguard measures on Brazilian poultry set by China, and changes to Saudi Arabia’s halal stunning requirements. This could lead to further changes in global trade, along with a risk of volatility in feed costs. Read more...
Rabobank makes its predictions for 2018 pork production, exports, and imports in the global market.In Q1 2018, global pork supply is forecast to increase further, mainly driven by the US, Canada, and Brazil. However, according toChenjun Pan, RaboResearch Senior Analyst– Animal Protein, “the most significant story in global pork markets has been the slowing imports into China, which creates a risk of oversupplied global markets. However, we do expect China’s imports to pick up somewhat over the rest of the year, leading the EU, the US, and Canada to continue their battle for China’s pork market in 2018.” Rabobank states that this. Read more...
According to the latest Rabobank report, market prospects for EU pig producers for the second half of 2016 are expected to be helped by tight EU supplies combined with Chinese import demand remaining at elevated levels. EU pig supplies will tighten during the second half of 2016 in response to breeding herd numbers falling from the beginning of Quarter 3 2015 up until at least April 2016. Strong export demand combined with tightening EU supplies have seen EU pig prices rise by around 30 cent/kg over the past two months. EU exports for the first four months of 2016 have risen by 35% to 1.3 million tonnes compared to the corresponding period in 2015. Shipments of pork. Read more...
Continuing strong Chinese import demand and stalling supply will continue to support global pork prices through 3Q 2016, according to the Rabobank Global Pork Quarterly Q3 2016 report. Albert Vernooij, Animal Protein analyst at Rabobank, forcasts that this circumstances will result in a further rise of the Rabobank five-nation hog price index supporting margins across the globe. He adds that Wildcards are feed costs and the Brexit induced changing exchange rates which could negatively impact the upswing, especially in the EU and the US. China: Prices expected to peak during Q3 The volatile prices in June are just a temporary blip in the positive mood in. Read more...
China’s skyrocketing pork prices indicate that there are strong opportunities for pork exporting countries to export to China.That is the key message of a recent documentRabobankreleased, called 'What is happening in China's pork market?' The bank writes that China's pork prices skyrocketed at the start of 2016, reaching an all-time high of over RMB 20 per kg. The bank points to causes, being a combination of farmers' losses and government measures to close down unsuitable farms led to destocking over the past two years, which also drove the Chinese sow herd size to a historic low. Important role in the global pork market "China. Read more...
South America's beef exporters are set to increase exports by an estimated 11% in 2016. This increase is supported by favourable currency values, improved access to importing countries and increased availability of beef. “Brazil, the largest Latin American beef producer, is expected to see reduced local consumption and gains in export access, which, in combination, will lead to more exports,” according to Angus Gidley-Baird, Senior Animal Protein Analyst at Rabobank. Domestically, Brazil is in a complex situation, with high inflation and a rising unemployment rate producing what some describe as the most serious economic crisis the country. Read more...
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