Poultry Market Outlook - April

Here we bring you our monthly Poultry Market Outlook to ensure you stay well-informed to the latest updates. Don’t miss out the prices in the world poultry meat and egg markets. Here we deliver crucial information as we analyze key trends shaping the industry landscape.

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In April, chicken prices remained relatively stable, following the stabilization of grain prices. Although feed prices have returned to pre-war levels, dynamic global demand is keeping prices high. This has allowed the poultry industry to post a positive performance. The HPAI situation in Europe appears to be under control, in contrast to the USA where persistent cases of HPAI are affecting production and exports in some states.

BROILER CHICKEN PRICE OVERVIEW – EUROPE

Chicken prices remained relatively stable in April, in spite of increased consumption and marginal production growth. The sector continues to face restrictions due to the Nitrate Directive, especially in Northern Europe, as well as competition from Ukrainian imports. The new deal on imports from Ukraine includes a safeguard clause, which could protect the sector from low-cost imports. The accelerated deployment of the Better Chicken Commitment (BCC) pressures supplies. Poland maintains dynamic production, while Northern Europe is declining, contributing to increased intra-European trade.

BROILER CHICKEN PRICE OVERVIEW – USA

With almost 9 million birds affected, April recorded the highest number of HPAI outbreaks. Production growth remains weak for 2024, with only a 1% increase compared to 2023. The reduction in supplies due to HPAI pushed chicken prices up in April (+2.3%). Prices for tenders and wings remain firm due to tight supplies. Exports continue to decline in March (-15%), with a collapse in sales to China (-74%) due to HPAI restrictions.

BROILER CHICKEN PRICE OVERVIEW – BRAZIL

Broiler prices in April saw a significant decline due to an oversupply caused by increased chick housing in the first two months of the year. Brazil continues to face declining prices, especially in exports, which surged by 11% in April, mainly to Saudi Arabia (+59%) and the UAE (+33%), while sales to China decreased (-23%). In March, Brazil announced that China reauthorized eight poultry processors to export, which should stimulate exports in the coming months.

BROILER CHICKEN PRICE OVERVIEW – CHINA

In April, chicken prices dropped by 5% due to decreased demand and increased production. High prices at the beginning of the year led farmers to place more chicks, resulting in a 10% production rise and higher stocks in April. Imports declined by 41%, mainly from Brazil (-36%) and the USA (-62%). In the short term, tight supplies, especially for yellow-feathered chicken, are expected to drive prices up.

 

POULTRY MARKET WATCH is a monthly newsletter edited by Ceva Headquarters Libourne, France) Editor-in-chief: Caroline Gremillet, Ceva. Writers: Caroline Gremillet Market Data) Mohamed Bouizidi ABCIS, Poultry Market Analysis)All figures are from public sources and when using them, you are required to acknowledge their original sources and Ceva’s reprocessing. Experts in animal sectors – ABCIS