28 Mar 2024
The outlook for global poultry markets in 2024 – Rabobank
Read full article
Read full article
Share on twitter
The outlook for global poultry markets in 2024 is moderately positive, with demand expected to gradually recover.
Here are some key points from Rabobank’s report:
- Demand Recovery: There’s an anticipated shift from consumer focus on prices to a recovery in demand for value-added poultry and improved demand in foodservice1.
- Operational Challenges: Feed costs have decreased by 15% to 25% compared to 2023 levels, but global commodity prices seem to have reached their lowest point due to various factors including geopolitics and weather events1.
- Trade Flows: Potential distribution challenges due to geopolitical tensions could impact global trade, with rising costs and delayed supply1.
- Avian Influenza (AI): AI risks will shift to the Southern Hemisphere, and countries like Brazil and Thailand will be closely watched due to their role in global market conditions and trade flows1.
- Market Growth: The market is forecasted to grow by 1.5% to 2%, which is a sign of recovery from 2023’s 1.1% growth rate2.
For detailed insights, you can access the full report from Rabobank’s website1.