Global poultry production will continue to surge at 18 per cent in 2014, leading to a rise in the growth rate of the industry for the first time in four years, a report said
According to the USDA International Egg and Poultry study, global poultry exports have expanded by over 25 per cent in the past five years, with more than 80 per cent of that growth attributed to Middle East and sub-Saharan Africa’s demand.
The report forecasted that Thailand’s production will rise by eight per cent to a record 1.6mn tonnes due to greater demand and lower feed costs. Despite the subsequent price increase, consumption is not expected to be constrained, the report added. Poultry exports from the country will also be up by seven per cent to 580,000 tonnes on higher demand from Japan and the European Union (EU).
The report noted that China’s production would be up slightly to a record 13.7mn tonnes due to new government subsidies for breeding stock purchases. However, exports, primarily to Japan, are expected to remain flat at 415,000 tonnes.
China is currently seeking eligibility to export processed poultry products to the US, the report added.
Production in India is forecasted to rise six per cent to 3.6mn tonnes, fueled by escalating demand for animal protein and a rising preference for processed poultry products.
The report also said that US poultry production will rise three per cent to a record 17.5mn metric tonnes on lower input costs and greater domestic demand. Exports are forecasted to hit 3.4mn tonnes with greater exportable supplies and growing demand from Mexico, Iraq and sub-Saharan Africa.
Production in the EU is forecast to expand to a record 9.9mn tonnes as a result of greater domestic demand for lower cost supplies of animal protein and reduced feed costs, the study added.
