EU: Poultry production set to rise further

 

Tony McDougal, Poultry World

Jul 8, 2019     

 

Poultry production in the European Union will rise by a further 2.5% this year thanks to good demand and high prices.

 

And price levels will also favour import growth for the second half of the year by around 5%, according to the European Commission’s “Short-Term Outlook for EU Agricultural Markets in 2019 and 2020”.

 

The latest Commission figures show production still rising but at a lower level than last year when there was a surge of nearly 5% growth. EU poultry meat production grew by 2% year-on-year in the first quarter of 2019 and, for the full year, the Commission expects this to rise to 2.5%. This will be supported by high prices, with the strongest growth once again in eastern EU nations.

 

Broiler prices substantially higher

 

Broiler prices started this year with levels below the 5 year average, but from April they have been substantially higher.

 

Consumer consumption is expected to continue on its rising trend – up by around 0.6kg/capita to 25.4kg. And if the high producer prices of pigmeat are transferred to retail prices, this will likely shift additional consumption to poultry, the Commission argues.

 

Exports and imports on the rise

 

Commenting on the first half of the year, the Commission said there had been a strong export performance in the first 4 months, which had seen a 13% rise year-on-year.

 

Around 40% of the growth had been due to increasing shipments to South Africa, despite the safeguard measure in place in the form of a $35 duty on bone-in cuts. However, these shipments are still well down on the record 2016 exports.

 

Exports to the 2 main destinations of EU poultry also grew significantly - Ghana saw a 12% rise and now takes an 11% share of the EU export market, while there was a 16% rise in exports to the Philippines (10% share). Vietnam saw exports double.

 

ASF effect ...

 

more

https://www.poultryworld.net/Meat/Articles/2019/7/EU-Poultry-production-set-to-rise-further-448002E/