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Foodservice Update Q2 2022: Foodservice in Troubled Times - Impact of the War in Ukraine

This is a special edition focusing on the impact that the war in Ukraine may have on the foodservice industry in the immediate and the longer term. Food and energy prices were already rising before the war began, and this conflict has amplified the trend, making clear that high prices will not revert any time soon. Also, foreign brands operating in Russia are exposed to reputational risks, which might have consequences in long term strategies.

Report summary
The consequences will differ, depending on the market and...

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May 10 9:04 AM, General News



Poultry Quarterly Q2 2022: Strong Market Conditions Continue, Despite Impact of War in Ukraine

Global poultry demand and trade will remain strong this year. The industry, however, will face challenges related to historic high cost inflation and logistic disruptions, which will especially impact low income countries.

Report summary
In most regions, supply is relatively tight and prices are strong. The war in Ukraine has led to an increase of 20% to 40% in global grain prices, and the poultry industry will be challenged to pass on all of these higher costs to consumers. This will likely be possible in developed...

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Apr 6 8:27 AM, General News


Beef Quarterly Q1 2022: Strong Demand but Cost Headwinds Prevail

Global beef markets remain tight. Ongoing strong demand and more limited supplies have kept global beef prices high. But cost pressures are flowing into the supply chain.

Over the past two years, retail beef price movements have been phenomenal, driven largely by strong consumer demand and some supply shocks. In many cases, this increase in prices was caused by demand pull. With supply unable to keep up, the increase in demand has created an imbalance in the market and as a result beef prices have lifted...

 

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Mar 1 9:43 AM, General News


Rabobank Announces New, Dynamic Structure for FoodBytes! Innovation Platform in 2022

Today Rabobank, a leading global food and agribusiness bank, announced pivotal changes to its FoodBytes! innovation platform to drive greater sustainable innovation, collaboration for speed-to-market, and market responsiveness. Starting this year, FoodBytes!, Rabobank's discovery platform that champions cross-industry collaboration between the most promising startups, corporates and investors, will move beyond its annual pitch competition and expand to a continuous scouting model, with fifteen startups selected to participate in programming every quarter.

Within the new model, FoodBytes! will also be streamlining the platform's sectors - agtech and food...

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Jan 27 9:31 AM, General News


Poultry Markets Bullish on Demand Recovery and Challenging Supply

Global poultry markets are expected to be strong in 2022, on the back of reopening economies, increasing vaccination levels, and stronger economic conditions. This improving global market context will be a bumpy road, though, with ups and downs following Covid-19 developments. The industry will need to be ready to adjust sales channels in response to government measures. The operational side will also see challenges, as feed and other input costs, like freight and energy, are expected to stay high. The availability and cost of labor has become a big issue...

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Dec 17 9:21 AM, General News


Global Animal Protein Outlook 2022: Capitalizing on Ongoing Market Disruptions

 

Global summary
Higher input costs for animal protein supply chains, including animal feed, labor, energy and freight, will be top-of-mind change drivers. These will be accompanied by ongoing change, driven by the transition to more sustainable animal protein, biosecurity challenges and Covid-19.

Against this backdrop, animal protein prices should remain firm in 2022 (with some exceptions), supported by ongoing supply constraints and general strength in demand. “We expect leaders of progressive animal protein companies to focus on the opportunities created by the ongoing market disruptions, rather than...

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Nov 22 8:47 AM, General News


Beef Quarterly Q3 2021: Déjà Vu Argentina

In May this year, the Argentine government imposed a 30-day suspension on beef exports. After those 30 days, new limitations were placed on the volume and type of beef that could be exported. In our feature article, we look at what impact this will have on the Argentine beef industry and the global market.

Covid-19

Global confirmed case numbers began rising again in mid-June, after falling from a peak in late April. Numbers in Europe, the Eastern Mediterranean region, Africa, and the Western Pacific region have seen large rises. Food retail figures remain strong, and foodservice sales were still...

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Aug 26 8:26 AM, General News


Pork Quarterly Q3 2021: Looking for Growth Amid Uncertainties

Great volatility in Chinese hog and pork prices is rippling through the global market. China’s slaughter rates were unexpectedly high in Q2, pushing pork production up 35.9% YOY in 1H, according to official data. The sudden supply increase resulted in a sharp price decline and negative results in both farming and trading in 1H, pointing to low pork imports into China in Q3. While we expect hog and pork prices to rebound in Q3, the estimated high frozen pork inventory will impose a lot of downward pressure on prices. We expect the slowdown of imports in the coming months will reduce full year imports from 2020’s record levels by 10% to 20%. This will lead to a redistribution of pork trade in the global market and could place downward pressure on pork prices in exporting regions.

China’s pork production showed strong growth in 1H, due to liquidation and oversized hogs. ASF continues to...
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Jul 29 8:26 AM, General News


US Food Retail: Where Did Consumers Go During Covid-19? 

While the fact that food retailers have benefited enormously from stay-at-home orders and restaurant closures is hardly news, a deeper look into credit/debit card transactions reveals their different impacts across food retail categories in both brick-and-mortar and online environments. We translated these data points into six learnings from the most eventful year in the food industry in generations, as well as into insights as to how players can sustain the momentum in a post-Covid economy.

- Online is the big winner, but summer may bring a temporary halt. Recent data indicates a likely temporary halt to this expansion in Q2 2021, as cases...

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Jul 9 8:34 AM, General News


Poultry Quarterly Q3 2021: Improving Local Industry Performance, Shifting Trade Flows

The outlook for the global poultry industry continues to improve. This is mainly driven by the reopening of economies as vaccination levels accelerate in developed countries and increase in emerging markets. This will help the recovery of global, regional, and especially foodservice demand, which, on average, makes up one-third of global poultry demand. As supply usually responds slowly to such increases, significant price inflation in 2H 2021 is possible, especially as feed prices remain high and avian influenza has disrupted...

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Jul 7 8:20 AM, General News


Greenhouse Gas Emissions in Beef Supply Chains: Opportunities for Reductions and Leadership 

Beef supply chains account for about 6% of global greenhouse gas (GHG) emissions, of which about half are accounted for by the beef production stage of the supply chain. New and emerging technologies and management practices, covering feed production, cattle breeding, cattle feeding, and soil and pasture management, all offer significant opportunities to reduce emissions. Reduction of global beef supply chain emissions can be also achieved by transferring best practices from the most efficient beef supply chains to less efficient ones.

Food and agribusiness (F&A) company commitments to lower the supply chain GHG emissions of beef and other animal proteins are on the rise. Rabobank believes that in most regions these initiatives are likely to...

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Jun 23 8:25 AM, General News


Beef Quarterly Q2 2021: Record Prices, but Will They Last?

Many key beef production and consumption areas across the world are currently experiencing high or record prices for beef or cattle. We explore what is driving this and whether it will last. There are also several other issues affecting global beef markets at present.

Covid-19

The rollout of vaccines, the transition to robust economic growth, and the advance of the northern hemisphere summer see many areas experiencing lower Covid case numbers and higher economic activity. With restrictions being eased, foodservice sales are also...

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Jun 2 8:21 AM, General News







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