The growth of the world poultry meat market is forecasted

Submitted by bashun on Wed, 01/03/2018 - 09:47

According to recent preliminary data from the Food and Agriculture Organization of the United Nations (FAO), the bird will remain the leader of the world meat market this year, but the pig sector will narrow the gap.

This is stated in the analytical report of FAO.

According to FAO's forecasts, poultry production will increase by 1 million tons in 2017, from about 117.2 million tons to 118.2 million tons, or about 0.9 percent. This can be compared with an increase of 1% in the production of pigs - from 115.8 million tons to 117 million tons.

FAO also reports that consumption of cattle meat showed the maximum expansion, and is expected to grow by 1.7% from 68.3 million tons to 69.5 million tons by the end of the year. Consumption of lamb continues to remain stable, at the level of 14.5 million tons.

However, from the point of view of trade, the greatest profit was received by suppliers of poultry and beef - an increase of 2% and 2.2% to 13.1 million and 9.1 million tons.

Much of the expansion of world meat production was recorded in the US, Brazil, Russia, Mexico and India, as well as in Argentina, Turkey and Thailand. However, despite the growth in the market for sheep, pigs and cattle, China will see stable production levels this year due to the long-term impact of avian influenza.
 

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