Chinese poultry sector to increase production by 15%
Due to the ASF situation in China, pork prices have jumped by more than 35% in the last 5 month and the trend is expecting to continue as the national herd is going to shink further. Poultry will represent the main substitute for pork, according to USDA experts in Beijing. Their latest outlook for the Chinese poultry market shows that production is expected to grow by 15% in the 12 months, reaching to 15.96 million. At the same time, poultry imports will increase by at least 20% to reach 600,000 tonnes.
"Feed companies responding to the declining swine feed demand have switched their feed formulas normally meant for pigs to chicken, given the reduced swineherd. Ample feed supplies will support this current poultry expansion," mentioned the report from USDA's office in Beijing, quoted by Agricensus.
Furthermore, some traditional Chinese pork producers are now expanding into white-feather chicken production in other to take advantage of the boom.
Brazil is expected to be the leading exporter of chicken to China, followed by Thailand and France. US imports have been embargoed since 2014 after an outbreak of avian flu in the country and a reconsideration of the ban is unlikely as the two countries are currently in the middle of a trade war.
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