Rabobank Poultry Report: Shifts in trade streams could have large impact on global poultry trade

Rabobank has published a new report on the global poultry industry, forecasting a shift to bearish conditions in all markets except the U.S.

 

In the report, the bank’s Food & Agribusiness Research team says that with the notable exception of the U.S., bullish poultry market conditions are turning bearish due to recent grain price hikes caused by turmoil in Ukraine and El Niño-related worries. Rabobank says that abrupt increases in feed prices (up 10%-15% vs. earlier expectations), avian influenza outbreaks in China, and a weaker Asian economy are expected to affect margins in Q2.

 

Major shifts in trade streams are expected this coming quarter, including pending anti-dumping duties on European Union poultry trade in South Africa, a new temporary free trade agreement granting Ukraine access to the EU market via quotas, and the potential return of exports from the United States to Chinese markets. These developments, taking place under weak global trade conditions in a traditionally weak season for chicken meat, could all have a large impact on global poultry trade. READ MORE»

 

Source:  businesswire.com  #IFAMAFRICA