IEG Vu is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Global price of poultry drops sharply

Chicken prices around the world have dropped sharply by around 10% compared to last
year, according to a report by Rabobank.

This drop represents a “significant decline and is an indicator of the high volatility” in the global poultry market, said Rabobank analyst NanDirk Mulder.

In the report – Poultry Quarterly Q4 – Rabobank stressed that the poultry industry had a “positive outlook ” for 2016. However, this year has been one to forget for chicken producers.

“Leg quarter prices in US dropped 45%, US breast meat prices dropped 30%,” said Mulder. He added: “EU breast meat prices dropped 10% and Brazilian whole chicken prices dropped by 10%” in the last quarter of 2015 when compared to last year.

“In the case of China, there are very limited sourcing options left. France has become their major supplier after the ban on US poultry. Without any change in sourcing, the poultry market will be extremely tight in China in 2016.”

Oversupply and dwindling demand for chicken was the catalyst for a bad year. But the bird flu outbreak in the US – which resulted in China’s aforementioned ban on American chicken – was also a “big factor”, said Mulder.

Despite the changes made to the US poultry market – which includes improved biosecurity measures and better training – bird flu remains a “wildcard”. 

Advertisement

Topics

What to read next

Advertisement
UsernamePublicRestriction

Register

CO195077

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel