Many regions of the globe have seen improved economic conditions, and ongoing price increases for other proteins make poultry an attractive option for consumers worldwide. Poultry consumption around the world is predicted to grow 2.5% to 3% this year. This is the second consecutive year market growth has been above average, leading to significant margin performance improvements in many regions.
“Almost all regions currently enjoy profitable market conditions, with the notable exception of China, which faces weaker economic conditions, waning consumer confidence, and an oversupplied domestic meat market after years of rapid expansion,” said Nan-Dirk Mulder, senior analyst, Animal Protein with RaboResearch. Read more