Thursday, May 23, 2024

Rabobank: poultry improving demand and lower costs to support growth

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UTRECHT, Netherlands — A recent report by Rabobank reveals that the global poultry market is well positioned to gradually improve in the last quarter of 2023 and early 2024, following several months of slow growth. The main issues for 2023/24 include slow global economic growth, further declines in feed prices, and rising volatility risks due to avian influenza and El Niño.

Lower feed costs are expected to support market growth, making poultry more affordable and helping industry growth to recover.

“After a period of slow poultry consumption growth due to a weak global economy and rising prices resulting from. . .

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