Slight increase in poultry exports predicted by USDA
The world's top 5 poultry exporters may expect a slight increase of 1% for this year, according to the latest USDA projection. These 5 countries are responsible for almost 84% of the volume traded internationally but a larger increase in exports is expected from other producers covering the rest of 16% (+6.35% growth in terms of volume).
Brazil, the US, EU, Thailand, and Turkey are now the world's top five poultry exporters, as the Turkish industry has managed to surpass competitors such as China, Russia, Ukraine, Argentina, and Chile by starting 2021 in force with volumes of 470,000 and 445,000 tonnes shipped abroad in the first two months of the year.
For Brazil, the USDA estimates a decrease of 1.15% in relation to the previous forecast. But even so, the volume of the year would increase just over 3.5%, guaranteeing 32% of the global exports of chicken meat. However, a difference may appear as the USDA forecast was made before the ban imposed by Saudi Arabia for 11 Brazilian companies, leaving only BRF present in this market. The US will cover 28% of the global trade in poultry but is to expect a decline of 1% from the volumes reported in 2020, similar to the one expected for the EU member states, responsible for 12.5% of the volume traded internationally.
Among the top five exporters, the highest rate of expansion is expected for Thailand: an increase of more than 4% in the year, covering 7.61% of the volume traded internationally. It is worth noting, however, that in 2020 Thai exports fell in relation to the previous year. Turkey is completing Top 5, as the increase of 25% in poultry exports for the last four years has placied the country in a position previously occupied by China.
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