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EU chicken market on a roller coaster ride

May 11, 2020

1 mins read

The EU chicken prices have been falling due to a combined effect of Avian influenza (bird flu) and the outbreak of the coronavirus.

The Mintec price of chicken has nosedived since mid-March 2020. The chicken price fell 11% in the third week of April compared to the same period in March. Many eastern European countries such as Poland, Hungary, Czech Republic, Slovakia, Romania, and Ukraine have faced a large number of bird flu outbreaks since December. As a result, many importing nations banned chicken imports from these countries, particularly from Poland, which accounts for approximately 17% of EU poultry production. This has oversupplied domestic (EU) market with chicken, weighing on prices. In addition, trade disruption caused by the ongoing pandemic has reduced  poultry exports from the EU, adding further downward pressure to prices.

Nevertheless, the global economic slowdown amid COVID-19 is likely to increase chicken demand due to its price competitiveness compared to other animal proteins such as pork, beef and lamb. Also, poultry imports from China are expected to expand in response to pork shortages and bird flu outbreak in the country, adding some upward pressure to EU chicken prices in the short-term.

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Rutika Ghodekar
Rutika Ghodekar

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