The average EU price (Aug-Oct) dropped 2% against the last average (May-Jul), following the previous Mintec forecast in August. The chicken production in H1 2019 continued its increasing trend and rose by 2% y-o-y - the main reason behind the declining prices. EU imports of chicken between Jan-Aug 2019 have been 7.4% higher than the same period in 2018, driven by an increase in imports from Thailand (share 37.4%), Brazil (share 37.3%) and Ukraine (share 15.4%), as a result of lower prices from these sources.
The US price has dropped seasonally (-17% q-o-q), due to the expectation of rising chicken production. The chicken production in the US is estimated to increase by 2.4% y-o-y in 2019, following an expectation of high gains from the Chinese market after the outbreak of swine flu, which is driving the demand for alternative meats.
From economical to political, all the factors impacting the chicken market have been analysed to provide a market outlook for the next three months. Mintec’s market outlooks (schedule) provide insights on factors shaping the market dynamics of various commodities, providing the opportunity for market participants to stay ahead of factors that will impact procurement decisions. Please visit our Mintec Analytics platform to find out more.