Rabobank analysis sees poultry prices following global demand
Rabobank International predicts global poultry prices to remain strong while world meat demand increases and supplies decrease over the next two quarters, Bloomberg reports.
Poultry’s climb is supported by the increasing price of beef, with US wholesale beef rising to €3.421 a kilo in late February.
Additionally, Brazil is curtailing poultry output after diminishing returns on exports, and US chicken breast inventories are low.
Europe has excess supplies, and may benefit from rising demand in Africa, Asia and the Middle East.
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