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International Egg and Poultry Review: World

by 5m Editor
27 April 2011, at 8:55am

GLOBAL - This is a weekly report by the USDA's Agricultural Marketing Service (AMS), looking at international developments concerning the poultry industry. This week's review looks at world broiler exports and factors affecting the US broiler and turkey outlook for this year.

World broiler exports

In 2011, broiler exports by major countries are predicted to total 8,913,000 tons. This would be a 1.4 per cent increase over 2010, which was 8,793,000 tons. This year, Brazil is predicted to export 3,310,000 metric tons of broilers and will again be the world's largest broiler exporter. The United States will be the second largest broiler exporter with a volume of 2,971,000 tons. The predicted level of 8,913,000 tons of broiler exports in 2011 would be a 20.8 per cent increase over 2007 levels of 7,381,000 tons. The 2011 forecasts were revised recently to lower values. The revision was primarily due to a 38 per cent reduction in the Russian tariff quota volume to 375,000 metric tons. Forecasts were also revised down due to reduced market access in China.
Source: USDA/FAS


Major traders and US trade of broilers and turkeys ('000 metric tons, RTC equivalent

Factors affecting the broiler and turkey outlook in the United States for 2011

The combination of lower output prices caused by the recession and higher input costs have reduced meat production growth substantially. Prices are expected to increase in the next couple of years but the increased cost of inputs will push prices higher at the consumer levels for all meat. International demand for US meat remains strong but the US dollar is expected to remain weak which will result in more competitiveness of US product overseas.

The amount of chicken available for the domestic market grew by nearly five per cent in 2010. Despite this growth, per capita sales were at a lower level than in 2004. The chicken market will have an opportunity to gain market share over the next few years due to tighter supplies of beef and pork but high feed costs are expected to limit that opportunity. Wholesale chicken prices increased by seven per cent in 2010, a rate of growth well below that of other meat commodities. Chicken production growth over the next decade is expected to average just over 1.6 per cent but exports are not expected to increase as much due to competition from other countries.

Wholesale turkey prices in 2010 were at their third largest premium to chicken prices since 1986. Prices are expected to remain strong since flock expansions have been kept in check up to this point.
Food and Agricultural Policy Research Institute, University of Missouri

Further Reading

- You can view the full report by clicking here.