FAS: The global broiler meat to report modest increase in 2018
Analysts from FAS say that the growth reported in broiler production from the United States and Brazil is driven by higher exports while the increase in production from the European Union and India are due to slow but steady growth in domestic demand.
"China’s production is forecast down 5% in 2018 for the third year in a row. China continues to be constrained by highly pathogenic avian influenza (HPAI), the limited availability of genetics, a saturated market, weak prices, and soft demand," the FAS report read.
Global broiler meat exports to increase by 3%
In 2018, according to the report, global exports of broiler meat are expected to rise by 3% to 11.4 million tons.
As Brazil recovers from a slow first half of 2017 following quality issues, exports are forecast almost 4% higher in 2018. Brazil’s growing exports are driven by rebounding product competitiveness and key competitors negatively impacted by avian influenza-related trade restrictions.
China’s imports are forecast up nearly 7% as production continues to struggle. Brazil is well-situated to strengthen shipments to China and further expand its market share.
Production in the United States is set to rise 2% to a record 19.0 million tons in 2018, while exports will rise by 3% to nearly 3.2 million tons.
Starting with August 2017, the United States was declared HPAI free and, according to the analysts at FAS, higher production will be supported by growing domestic consumption, rising export demand from Mexico, and improved shipments to other primary markets.
Source: the US Department of Agriculture's Foreign Agricultural Service (FAS)
Photo Source: USDA / Wikimedia Commons
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