After a production peak registered in 2020, China should end this year with a 4% decrease in chicken production compared to last year. The estimate is from the US Department of Agriculture (USDA), which only less than a year ago predicted that in 2021 the production of chicken meat in China would reach 15.3 million tons, increasing more than 30% in just four years.
The projection has being corrected downwards and now stands at 14 million tons, keeping the Asian country as the 3rd largest producer in the world, behind Brazil and the United States. The reduction in the estimate is due to low domestic prices, which have led the sector to discard the breeding stock and house a smaller volume of new breeders.
The domestic chicken meat offer this year is expected to drop almost 5% compared to 2020 only to increase again (+2.18%) in 2022.