Poultry News Africa’s Post

Poultry Market Takes Off Rising demand boosts industry despite challenges. There’s good news for the global poultry industry. After several years of challenges, the market is rebounding thanks to rising consumption and controlled production. Rabobank, a major financial services company, predicts poultry meat consumption will grow between 1.5% and 2% globally. This growth is attributed to both strong local demand, particularly in emerging markets, and a return to normalcy in trade after a period of disruption. https://lnkd.in/dbhZbywv

We have just published our new poultry quarterly. The outlook for global poultry markets in 2024 remains moderately positive, with demand expected to gradually recover due to better affordability driven by lower costs, lower inflation rates, and rising incomes. This will lead to less consumer focus on prices in 2024 compared to 2023, which will support some recovery in demand for value-added poultry and improved demand in food service. Business opportunities in these markets will recover. However, price consciousness among consumers will remain a key driver. We forecast now a global market growth of 1.5-2% for 2024 which is slightly higher than last year.   Operational challenges will persist. Feed costs have decreased by an average of 15% to 25% compared to 2023 levels. However, from a supply/demand perspective, global commodity prices appear to have reached their lowest point, primarily due to concerns about geopolitics, trade issues, and weather (such as El Niño).   Potential distribution challenges are the biggest wild card for the outlook due to geopolitical tensions in the Black Sea region, attacks in the Red Sea, and drought affecting water levels in the Panama Canal. Given increasing rerouting via southern routes, these challenges could impact global trade, with rising costs, delayed supply, and constrained container availability. Trade flows to and from Europe, Asia, the Middle East, and Africa are especially vulnerable to changes. This could increase focus on regional trade, where possible, or otherwise lead to higher costs and potentially delayed supply, especially for goods primarily produced in a single region.   Avian influenza (AI) remains an ongoing concern. AI risks will shift in the coming months to the Southern Hemisphere, where more countries are turning to vaccines to protect the industry. Particular attention will be paid to AI risks in key exporting countries like Brazil and Thailand, where outbreaks could challenge global market conditions and trade flows.   Notwithstanding these challenges, global poultry trade is expected to grow in line with forecast demand growth, with processed poultry trade expected to gradually recover after a weak 2023.    #poultry #farming #agriculture #meat #equipment #animalnutrition #feed #animalhealth #breeding #poultryprocessing #foodandbeverage #agribusiness #agribusiness

Value-Added Poultry: The Key to Unlocking South Africa’s Economic Potential South Africa’s poultry sector is at a crossroads, facing persistent challenges rooted in its dependence on low-margin Individually Quick Frozen (IQF) products. These mixed portions, which dominate 70-75% of local production, cater to low-income consumers but provide limited financial returns. This reliance on IQF products has constrained the industry’s growth potential and profitability. However, with strategic reforms and targeted investments, the sector has the opportunity to pivot towards value-added products, transforming it into a significant driver of economic growth while better addressing the nutritional needs of millions. https://lnkd.in/dTPJNq7t

South Africans also love chicken. Per capita, South Africans consumed approximately 46.0 kilograms of poultry meat and eggs combined during the year 2022. This consumption reflects the importance of poultry products in the country’s diet. South Africans consume 25 million chickens per week but South Africa only produces 19 million every week, and imports the remaining 6 million chickens from other countries. The poultry industry remains the largest sector of South African agriculture, contributing 17.1% of all agricultural production in 2022. Chicken emerged as the primary meat variety imported into South Africa in 2021, with imports totaling nearly 346 thousand metric tons. Subsequently, meat and turkey followed with import volumes of 63.2 thousand and 25.28 thousand metric tons, respectively. Poultry products (including meat and eggs) provide 65.0% of animal protein consumed in the country. Meat consumption is widespread in South Africa, with poultry being a dominant choice. Whether it’s a juicy steak, succulent chicken, or flavorful lamb, South Africans appreciate their meat! Chester provides for the need of meat to South Africa with our passionate service and trusted quality. Find out more - https://lnkd.in/dazU3YTt #MeatIndustry #Poultry #SupplyChain Sources - https://lnkd.in/dsaTpyw5, Imports, Tariffs and the Threat to the South African Poultry Industry | Entrepo, Chicken Farming Stats and Overview South Africa (farmingsouthafrica.co.za)

A FULL STACK OF MEAT, EGGS AND PROTEINS The poultry market in Nigeria is booming, with an annual growth rate of 12%. This rapid expansion presents a golden opportunity for investors to tap into a thriving industry. The demand for poultry products is soaring, driven by a growing population and increasing awareness of the nutritional benefits of poultry meat and eggs. One of the most promising areas within this market is feed production. As the poultry industry grows, so does the need for high-quality feed, creating lucrative opportunities for those involved in feed manufacturing and supply. By investing in the FarmOnYourPhone Poultry Project, you can capitalize on these opportunities and enjoy substantial returns. With FarmOnYourPhone, you can monitor your BUSINESS AND TRADE in real-time, track the growth of your poultry, and receive regular updates on market trends and developments. Our innovative approach ensures transparency and maximizes your returns, which have been increasing year after year. Join our WhatsApp community to stay informed about the latest developments in the poultry market and receive real-time updates on your investment. This is your chance to be part of a dynamic and profitable industry, while contributing to food security and economic growth in Nigeria. AWI Community: https://lnkd.in/dvYFBzS7 For enquiries, reach out to Rebecca at 07080853432 #poultry #foodsecurity #wealth4africa #farmonyourphone #africa

The poultry industry in June may be affected by several factors: 1. **Changes in Feed Consumption During Ramadan**: During the fasting month of Ramadan, Muslims abstain from food and drink during daylight hours, which can alter the consumption patterns of poultry feed. Farmers may need to adjust feed supply to accommodate these changes. 2. **Increased Slaughter and Sales Demand**: Following Ramadan, there is typically a surge in demand for poultry meat for Eid al-Fitr celebrations. This may pose challenges for farmers in managing slaughter and supply chains. 3. **Climate Variability**: June often brings rising temperatures in many Muslim regions, which can adversely affect the health and productivity of poultry. Enhanced management practices may be required to mitigate these effects. 4. **Impact of Religious Festivals**: In addition to Eid al-Fitr, there may be other significant religious festivals in June, impacting the sale and demand for poultry products. 5. **Water Resource Management**: In some Muslim regions, water resources may be scarce, especially as June marks the onset of the dry season. Effective water management strategies are necessary to ensure adequate supply for poultry drinking needs. Therefore, in Muslim regions, the poultry industry in June may face challenges related to changes in feed consumption patterns, increased demand during religious festivals, climate variability, and water resource management. Farmers need to implement appropriate management and adaptation measures to ensure the stability and sustainability of the poultry industry.

Global poultry markets are experiencing a recovery in the third quarter of 2024, despite facing more challenging trade conditions. The outlook for global poultry markets is steadily improving, driven by accelerated growth in poultry meat consumption (1.5% to 2%) and disciplined supply increases in various regions. Following four years of significant disruptions, the industry is trending towards more stable conditions. The demand for value-added poultry products is rebounding as consumer spending power increases and costs decrease. via: RaboResearch Food & Agribusiness https://lnkd.in/d823a354

Global poultry markets are experiencing a recovery in the third quarter of 2024, despite facing more challenging trade conditions. The outlook for global poultry markets is steadily improving, driven by accelerated growth in poultry meat consumption (1.5% to 2%) and disciplined supply increases in various regions. Following four years of significant disruptions, the industry is trending towards more stable conditions. The demand for value-added poultry products is rebounding as consumer spending power increases and costs decrease. via: RaboResearch Food & Agribusiness https://lnkd.in/d_WaGqjJ

The poultry industry in the Caribbean is the single largest agribusiness sector in the region, supplying over 82 per cent of the region’s animal protein dietary needs according to the Caribbean Poultry Association (CPA). Caricom chair and President of Guyana Irfaan Ali has pointed out that the import of poultry meat is the region's third most expensive import product, at a value of US$750 million. In TT, the agricultural sector, with poultry as its mainstay, contributes significantly to the nation's GDP. With a consumption rate of a million chickens per year, comprising 750,000 locally produced and 250,000 imported, the sector's health is a matter of national importance. Read more from the Business Day magazine in today's Newsday or on our website here: https://lnkd.in/eJvStaif

𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗜𝗻 𝗖𝗵𝗶𝗰𝗸𝗲𝗻 𝗣𝗿𝗶𝗰𝗲𝘀 𝗘𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝗧𝗼 𝗘𝗮𝘀𝗲 𝗜𝗻 𝟮𝟬𝟮𝟰 13 September 2024 -  A stronger rand and robust growth in production by key global suppliers, such as Brazil, could see the average price of chicken products increase by just over 1% this year in some instances, financial services firm Absa’s ‘AgriTrends Report Spring edition’ shows. Poultry price increases are expected to ease, after double-digit hikes over the past two years. “In recent times, the outbreak of diseases like Avian Influenza has caused a global shortage of this protein source, which put upward pressure on prices,” says Absa Group AgriBusiness senior economist Dr Marlene Louw. “While potential new disease outbreaks may change the price outlook going forward, all things being equal, we expect that lower feed prices will improve margins for producers, which could stimulate supply. This could, in turn, assist in keeping price increases contained over the medium term, which is good news for consumers,” she says. https://lnkd.in/dFJxJsky #southafrica #southafricanbusiness #poultryfarming #tradecreditinsurance #creditinsurance #receivablesmanagement #tradecredit #exportinsurance #importinsurance #businessinsurance