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EU broiler prices averaged 181.49 per 100kg, down 0.2% from last month and 2.5% below a year earlier, while remaining above US and Brazilian levels. Poultry imports into mainland China and Hong Kong have risen, and EU exports to Hong Kong grew only 0.6% in January-August.
Brazil's ABPA chairman expects a 20% rise in Brazilian poultry prices as feed costs have nearly doubled.
EU chicken priced above US and Brazilian product may lose competitiveness in export markets, while Brazilian feed cost inflation points to higher poultry prices and stronger demand for feed ingredients.
euromeatnews.comNov 13, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
