Rabobank meat market analysis suggests COVID-19 disruptions present greater opportunity than risk

 

By Benjamin Ferrer, Food Ingredients First

19 Nov 2021

 

According to a new Rabobank report, global meat producers face a “leadership test” as the COVID-19 disruptions affecting food markets continue to pose challenges. Notably, animal protein supply chains face four areas of cost inflation pressures in animal feed, labor, energy and freight.

 

Speaking to FoodIngredientsFirst on the specifics of these market conditions – including details on industry’s recovery from African swine fever and outbreaks of avian influenza – is Justin Sherrard, global strategist for animal protein at Rabobank.

 

His research concludes that the same conflicting factors also bring opportunities for agri-food business and trade to drive long-term growth.

 

The Chinese pork market’s ongoing recovery from African swine fever is forecasted to be a major driver of its domestic production levels.“Rabobank sources data from public authorities, industry agencies and private and proprietary sources, as part of its assessment of global animal protein markets,” he remarks.

 

“We use proprietary models and classical analytical techniques to assess the data, and also rely on industry insights, in forming our views on the outlook for 2022.”

 

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