Rabobank: China and Trade Restrictions Drivers for an Improving, but Volatile Global Poultry Outlook
Trade conditions are gradually improving for global poultry thanks to rising global demand – especially from China, which is expected to face a protein shortage this year.
In recent quarters, the global poultry market has gone through one of the most volatile periods in many years, due to a combination of factors, including trade and disease restrictions, along with the impact of the US-Chinese trade war. Production was at an exceptionally high level in many markets, including the US, the EU, and Thailand. Meanwhile, demand dropped because of a general market slowdown and constraints on access to international markets following trade restrictions. This resulted in a period of falling poultry prices between Q2 and Q4 2018.
“However," according to Nan-Dirk Mulder, senior animal protein analyst, "the outlook is changing, Rabobank is gradually becoming more optimistic that ...
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