Weekly Protein Newsletter
Poultry News
Rising imports of cheap frozen chicken for the local market, combined with a lack of proper support for the domestic industry, have put about 80% of?Ghana’s?poultry farmers out of business, leaving the rest struggling to cope. According to EU data on chicken exports, Ghana has been Africa’s largest importer of chicken for the past five years, with 227,903 tonnes imported by him in 2021. The poultry industry, which has grown by 20% annually since 1970, is in rapid decline and the country is struggling to produce 1% of total chicken imports.
Egypt’s?poultry industry latest crises was poultry feed stagnation in ports due to foreign currency crises and the complication of bank letters of credit amid government efforts to contain these crises threatens the entire industry. This has been building since the outbreak of the Russo-Ukrainian war.
The?Czech Republic?announced on Tuesday a nationwide ban on outdoor poultry farming as it rolled out emergency measures to tackle “increasing outbreaks of highly pathogenic bird flu” in the country.?Colombia, Peru, Ecuador, Venezuela?and?Chile?have reported cases of bird flu, with a total of 25 reported outbreaks.
India?plans restrict corn exports to curb a rise in domestic prices and to ensure sufficient supplies of the main poultry feed. Domestic corn prices have surged, driven by high demand, increased exports and some damage to the crop following heavy post-monsoon rains. India exported 3.6 million tonnes of corn in 2021, up from 1.9 million tonnes sold on the world market in 2020, according to trade and industry estimates. Between January and September this year, India shipped out 2.4 million tonnes of corn.
A total of 150,624 tons of poultry meat were produced in?Iran’s?official slaughterhouses during the eighth month of the current Iranian year, indicating an 11% decline compared with last year.
Beef News
A kilo of beef In?Egypt?with bones is retailing at an average of Sh474.52, an increase of 46.9 per cent, from Sh322.95 in 2012.
As the herd continues to rebuild in?Australia, exports are expected to rise sharply, increasing supply for markets in the?US, Japan?and?South Korea.?Production is likely to rise 5% in the first half of next year.
US?cattle feeders gain $6 per cwt. price increase since the first week of November, with asking prices this week at many yards at $160. The gains are a reflection of tighter fed cattle supplies. Monday’s close was 3% higher. The USDA is expected to lower 2023 beef production estimates in the December WASDE report with market-ready cattle being the smallest seen since 2014
67% of?Brazilians?ate less animal protein in the past 12 months than in the year before, according to research from the Good Food Institute.
Read:?Beef import & export 2023 expectation?Includes: US, China, EU, Mexico, India, Brazil, Australia, Japan, Hong Kong, South Korea.
Dairy News
Dairy prices have been rising since 2020 and breaking all records in 2022 with shortages across the globe. Production in?Europe?was up 0.5% in September, which is promising for global supply and price stabilisation due to the EU being 40% of all dairy exports worldwide.?Germany & France?account for roughly 40% of EU production, with the?Netherlands?in 3rd place.
Ireland?however has seen a reduction of 0.6% in milk supply over the past 6 months.?New Zealand?accounts for 30% of global trade and is up 4% this year after also struggling with labour shortages and weather conditions. The?US?is also rebounding in supply.
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With the price of wholesale milk continuing to rise across?India, dairy companies will need to increase prices again in the second half of FY23, according to a report by ICICI Securities.
French dairy major Lactalis has acquired the joint-venture assets in Brazil owned by?Fonterra?and Nestlé.
Lactalis, which already has a presence in the South American country, has struck a deal for?Dairy Partners Americas?for US$131.5m.?Fonterra?holds a 51% stake in the venture, set up in 2003, and Nestlé owns 49%.
Pork News
US?exports have been low relative to 2021 when?China?was a major customer down, while domestic demand has been the best in many years and Mexico increase 16% yoy, Dominican Republic 38% becoming the 7th largest market for?US?pork.
Pork and beef demand in?Europe?is expected to drop +/- 8% over the next decade due to a declining population, subtle shifts away from an animal protein diet trend and animal disease.
Russian President Vladimir Putin said he was confident that the deal with?China?will bring about $1 billion in additional revenue to Russia’s pig farming industry.
Seafood News
Taiwan is considering challenging China before the World Trade Organization over recent trade restrictions that include a ban on the importing of squid and other seafood products.
Shelf-stable seafood sales continued to?increase in value?at U.S. grocery stores despite the highest price increases of any seafood category.
Shelf-stable seafood sales rose 6.2 % to USD 188 million in November. At the same time, inflation on canned and pouched seafood jumped 12.4 percent.
China rolls back testing, disinfection protocols for seafood imports.
Read:?Company News
Includes: Cargill, Tyson Foods, JBS, Hormel Foods, Maple Leaph, Jiangsu Lihua, Shangdong Yisheng, Minhe, Nippon Suisan, Maruha Nichiro, Kerry Group, Arla Foods, Mengniu, Fonterra, Nestle, Archer Daniels Midlands, Conagra, Beyond…
Includes: 1.Bird flu spreads through South America 2.Tough time ahead for Maersk’s new CEO as shares fall 40% 3.What a year for beef export boom 4.The SEAfood Act & the future…