Broiler imports on the upward push
3 Would possibly 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 Farm animals, Dairy and Poultry Outlook record.
Shipments to Mexico, accounting for 22.8% of exports, had been very similar to final January at 138.9 million kilos. 12 months-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 sufficiently big 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 through 50 million kilos to 7,165 million kilos. This displays US costs which are much less aggressive within the global market concurrent with emerging output from Brazil.
On the identical time, China’s call for for US hen continues to say no. China accounted for declining stocks of US broiler exports within the latter a part of final 12 months and accounted for just one.4% of exports in January.
On expectancies of decrease gross sales to a number of key markets throughout the 12 months, 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 similar month final 12 months. 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 build up of 84 million kilos over the 2023 overall.