According to the latest forecasts by the US Department of Agriculture (USDA), world chicken exports for next year are expected to increase by 2.5%, surpassing the 13 million tons mark. This year, the estimate suggests a global volume of 12.9 million tons.
For USDA, the moderate growth in most of the major markets will allow more significant expansion rates among large exporters.
Brazil will be responsible for more than a third of the estimated increase. The growing demand from the European Union, the United Kingdom, East Asia and the Middle East should contribute to Brazilian exports expansion. In addition, a 1% decline in North American exports is already projected.
Demand from Japan and China should also favor the expansion of Thailand’s exports.