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Rabobank: Global trade growth for 2012 remains at 4 percent
Story Date: 7/31/2012
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Source: Michael Fielding, MEATINGPLACE, 7/30/12
Rabobank has published a new Q3 report looking at the challenges facing the global poultry industry as a consequence of the recent, dramatic run-up in feed input costs due primarily to deteriorating crop conditions in the United States.
The low stock levels in global grain and oilseed markets render those markets very sensitive for short-term changes in supply and demand.
According to the report, authored by Rabobank’s Food & Agribusiness Research and Advisory group, poultry industries all over the world are now facing margin pressures, and only a few regions can escape this new challenging situation.
Russian suppliers are now partly being compensated by subsidies, and the U.S. industry is reaping the benefits of recent production cut-backs, which have greatly improved U.S. market balance and should give the industry more power to pass on higher costs to customers. Still, poultry companies in all regions are facing shrinking margins despite relatively high beef and pork prices.
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