According to surveys conducted by the Brazilian Animal Protein Association (ABPA), Brazilian egg exports, encompassing various products both fresh and processed, amounted to 1,604 thousand tons in February. This figure marks a 53.3% increase from the same period last year, which saw exports of 1,046 thousand tons. In terms of revenue, there was a modest uptick of 0.9%, with earnings totaling US$3,034 million in February 2024, compared to US$2,998 million in February 2023. Year-to-date figures show a substantial surge of 69.5%, reaching a total of 3,535 thousand tons in the…
Day: March 30, 2024
“Q2 2024 Global Poultry Outlook: Improving Conditions, Fragile Markets & Price Focus”
A recent Rabobank report indicates that the global poultry market is slowly rebounding following a lackluster performance in the latter half of 2023. Several markets, previously plagued by oversupply and declining prices, have shown signs of improvement in local conditions during the first quarter of 2024. In most instances, these improvements have stemmed from production reductions aimed at restoring supply-demand equilibrium, which had been adversely affecting demand. Nan-Dirk Mulder, senior analyst for Animal Protein at Rabobank, commented, “We anticipate a modest ongoing improvement in global markets. While price will continue…