Source: MEATINGPLACE, 11/4/11

Global broiler meat production is on track to reach 83.1 million metric tons in 2012, up about 3 percent, though the rate of increase will be slightly lower than in the past two years, USDA said.

Strong domestic demand from Brazil and China is fueling the increase in production, which is being tempered by high input costs and reductions in the United States, according to a report this week from USDA’s Foreign Agricultural Service.

World exports of broiler meat are projected to increase 5 percent to a record 9.6 million metric tons, due to rising demand from Sub Saharan Africa, Southeast Asia and the Middle East.

Production in Brazil, the world’s leading exporter, is forecast up 5 percent at 13.6 million metric tons, bolstered by the competitive pricing of poultry to other meats, ample feed supplies and strong demand from the country’s expanding middle class, USDA said.

Chinese production is also forecast up 5 percent at 13.8 million metric tons, supported by larger breeding stock inventories, poultry’s competitive pricing and robust domestic demand.

To download the full report, click here. 

For more stories, go to www.meatingplace.com.