International Egg and Poultry Review
By the USDA's Agricultural Marketing Service - This is a weekly report looking at international developments concerning the poultry industry, this week looking the World Grain Markets and Poultry Production.
31 October 2003
3 minute read
International Egg and Poultry Review - By the USDA's Agricultural Marketing Service - This is a weekly report looking at international developments concerning the poultry industry, this week looking the World Grain Markets and Poultry Production.
Feed is one of the major costs of growing poultry. In the U.S. feed costs represent about 70 to 75 percent of grow-out costs and is a major input cost around the world.
FAO’s forecast for world cereal production was revised downward to 1,865 million tons, about 48 million tons below the previous forecast and 33 million tons above last year’s reduced level. Wheat production is expected to fall to its lowest level since 1995.
A widespread drought and heat wave in Central and Western Europe will result in a crop shortfall this year, especially for animal feed. The European Union is the world’s second largest user of grain for feeding, after the United States. Poor corn crops in Europe will be partially offset by increased imports, especially from Latin America.
Canadian wheat is projected to reach 17.2 MT, compared 12 MT last year; oats are at four MT vs 2.8 MT a year ago. The Ukrainian wheat crop is expected to total 5 MT compared to 20 MT last year and Russia’s wheat crop at 34 MT compared to 51 MT last year. Australia staged a major comeback with the wheat crop expected to be 24 MT compared to 9 MT last year.
Russia imposed import quotas on poultry meat this year to give local producers a competitive advantage. Russia’s plans to expand poultry production could be difficult to attain with rising feed costs. Iran corn imports will be up 100,000 tons to 1.7 MT due to demand of the poultry sector.
To view the full report, including tables please click here
Source: USDA's Agricultural Marketing Service - 28th October 2003.
Feed is one of the major costs of growing poultry. In the U.S. feed costs represent about 70 to 75 percent of grow-out costs and is a major input cost around the world.
FAO’s forecast for world cereal production was revised downward to 1,865 million tons, about 48 million tons below the previous forecast and 33 million tons above last year’s reduced level. Wheat production is expected to fall to its lowest level since 1995.
A widespread drought and heat wave in Central and Western Europe will result in a crop shortfall this year, especially for animal feed. The European Union is the world’s second largest user of grain for feeding, after the United States. Poor corn crops in Europe will be partially offset by increased imports, especially from Latin America.
Canadian wheat is projected to reach 17.2 MT, compared 12 MT last year; oats are at four MT vs 2.8 MT a year ago. The Ukrainian wheat crop is expected to total 5 MT compared to 20 MT last year and Russia’s wheat crop at 34 MT compared to 51 MT last year. Australia staged a major comeback with the wheat crop expected to be 24 MT compared to 9 MT last year.
Russia imposed import quotas on poultry meat this year to give local producers a competitive advantage. Russia’s plans to expand poultry production could be difficult to attain with rising feed costs. Iran corn imports will be up 100,000 tons to 1.7 MT due to demand of the poultry sector.
To view the full report, including tables please click here
Source: USDA's Agricultural Marketing Service - 28th October 2003.
