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Poultry companies need to prepare for year of high and volatile feed prices
The global poultry sector faces a perfect storm of ongoing COVID-19 related disruption, particularly to the foodservice sector, soft economic conditions, high and volatile feed prices, an exceptionally high-pressure avian influenza winter season, and global oversupply.
So says Rabobank in its latest poultry quarterly.
Foodservice sales, which the international poultry industry is heavily reliant on, will be down again in most markets compared to 2019 levels, said the analysts.
There will also be more competitive global poultry trade markets in 2021 due to China’s and Vietnam’s African swine fever (ASF) recovery.  ....

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