A new outlook from Rabobank says African swine fever impacting pork production is balancing trade for poultry. The latest report on poultry found the sector has experienced gradually improving market conditions in the first half of 2019 and the trend is expected to remain over the coming months.
The report says the main driver for the market improvement has been a more balanced supply in key trading markets like Brazil Thailand, the U.S. and the European Union. The gradual improvement has come despite global trade volumes being disappointing due to ongoing trade issues.
Rabobank says China is the best performing poultry industry, with exceptionally high poultry prices due to the shift from pork to poultry as a result of the worsening situation with African swine fever and very low breeding stock levels.
However, the report says the Chinese market situation will have limited impacts on the global market if China continues not to allow more imports of poultry from other nations.