Global demand for poultry will remain strong in the last quarter of 2022 and early next year, according to a report released by Rabobank.
Exports tend to increase in the second half of the year, with supply tightening in several countries due to high inflation, economic uncertainties and the growth of Avian Influenza.
“Tight global supply and price inflation has led to record high trade volumes in the second quarter of 2022, and we expect trade to be even stronger in the second semester. More countries are opening markets to imports to curb local price inflation,” says the document.
Brazil, the United States and China should be the main beneficiaries of this scenario. According to Rabobank, Brazilian chicken exports should close the year up by 7%, with especially high demand in Europe, South Korea and the Philippines.