Broiler imports on the rise
3 Could 2024
2 minute learn
Broiler exports totalled 608.7 million kilos in January, a lower of three.4 p.c from January 2023, in keeping with the newest USDA Livestock, Dairy and Poultry Outlook report.
Shipments to Mexico, accounting for 22.8% of exports, had been just like final January at 138.9 million kilos. Yr-over-year will increase in shipments to Taiwan (+22.7 million kilos), the United Arab Emirates (+12.6 million kilos), the Philippines (+10.1 million kilos), Georgia (+4.0 million kilos), and different markets weren’t massive sufficient to offset decreases in shipments to China (-23.4 million kilos), Angola (-14.6 million kilos), Turkey (-8.5 million kilos), Colombia (-7.8 million kilos), Haiti (-6.5 million kilos), and South Africa (-6.5 million kilos).
Projected exports for 2024 are adjusted down by 50 million kilos to 7,165 million kilos. This displays US costs which are much less aggressive within the worldwide market concurrent with rising output from Brazil.
On the similar time, China’s demand for US rooster continues to say no. China accounted for declining shares of US broiler exports within the latter a part of final yr and accounted for only one.4% of exports in January.
On expectations of decrease gross sales to a number of key markets through the yr, the forecast for 2024 exports is decreased to 7,165 million kilos. Projected broiler exports would account for 15.3% of projected 2024 manufacturing.
Broiler imports totalled 15.2 million kilos in January, 3.6 million kilos over the identical month final yr. Imports from Chile totalled 11.2 million kilos, or 73.8% of broiler imports. The energy of imports helps the present 2024 broiler import projection of 215 million kilos, an enhance of 84 million kilos over the 2023 whole.
