BULGARIA - Bulgaria's broiler sector had a successful year in 2014 due to economic stabilisation, less expensive feed and growth in consumption, according to a recent report from the USDA's Foreign Agricultural Service (FAS).
The number of farms and inventory grew, and along with better broiler farming practices, meat output increased by 3.4 per cent. The poultry reared is mostly broiler and duck meat, with hardly any turkeys farmed at all.
Domestic consumption enjoyed a very good growth of 8.6 per cent.
In 2015 and 2016, the industry expects further growth in production. The drivers of this growth are recently made investments by foreign and local investors. Select local players expanded their capacities and a few new players entered the market.
Lower feed prices, improved efficiency of the sector and stable retail prices along with better consumer incomes are expected to lead to higher local sales and consumption.
In 2014 poultry meat imports increased by 12 per cent in volume and 13 per cent in value as compared to 2013 ($130 million); while exports increased by 14 per cent in volume and 6 per cent in value ($167 million) with major markets Greece and Romania for broiler meat, and France and Belgium for duck meat.
Competitive production costs and good currency rate are likely to favour some growth in exports outside the EU as well as sales to select EU member states with higher broiler meat prices. The expectations for poultry meat imports are to exceed 100,000 MT in 2015.
You can view the full report by clicking here.
Top image via Shutterstock