USA

US turkey meat exports are growing

Poultry

Markets abroad are looking more promising to the producers than the domestic one who seems to be oversupplied.

Posted on Jul 31 ,14:14

US turkey meat exports are growing

US turkey exports are starting to recover slowly following a two year of decline after the 2015 outbreak of highly pathogenic avian influenza.
The latest US Department o Agriculture's "Livestock, Dairy & Poultry Outlook" reports that turkey exports are rising and that thanks to Mexico increase in demand. "For most of the last decade, more than half of U.S. turkey exports have gone to Mexico, with the share reaching as high as 74% of all shipments in July 2014. As exports have recovered, the share of shipments going to Mexico has generally risen as well — apart from seasonal patterns", mentions the report.
Export markets seem to be one of the few viable options for turkey producers as the prices on the domestic market are low due to the inventory piled up in cold storage rooms. In the last 12 months, exports accounted for 11% of US turkey production, up by 1% from the previous 12-month period. This year, USDA expects that at least 300,000 tonnes of turkey to be exported. Nevertheless, the volume could decrease by 1% in 2019.

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