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Sunday, August 14, 2022

Rabobank sees challenging market for poultry ahead

UTRECHT, THE NETHERLANDS – The global poultry market will face rising costs and tight supplies in the second half of 2022, according to Rabobank. Nan-Dirk Mulder, senior analyst of animal protein at Rabobank, said one of the industry’s biggest challenges is operational with high feed and energy prices due to inflation, labor availability and the impact of highly pathogenic avian influenza (AI).

Gas prices, for example, are more than double second quarter 2020 levels. Europe has been impacted by high gas prices because of its dependence on Russia.

Soymeal also is up by 60%. Rabobank expects feed prices to stay high but below their second quarter peaks.

Rabobank also noted the significant impact of AI on the global poultry industry. Europe experienced the highest-pressure AI season in history with 53 million birds culled. The virus hit the United States in February, leading to 38…

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