Argentina forecasts 2021 chicken meat production up 2% at 2.23 MMT
30.09.2020 17:45 "Agro Perspectiva" (Kyiv) —
Following are selected highlights from a report issued by a U. S. Department of Agriculture attache in The Buenos Aires (Argentina), Post forecasts 2021 chicken meat production up 2% at 2.23 million metric tons (MMT). Poultry producers anticipate only slightly higher domestic and export demand. Difficult macroeconomic conditions in Argentina and tight financing conditions for facility renovation and improvement further restrict expected productivity growth. No major investments in increased capacity are planned as industry and government contacts report that the industry could produce up to 10% more chicken meat on the current production base if needed. Replenished feed stocks from a robust corn and soybean harvest in 2020 and increased export taxes on oilseeds imposed in the past year provide competitive benefits for Argentine poultry producers. Corn, wheat, and barley currently face export taxes of 12%, with the potential to rise to 15%. Soybeans are taxed at 33%. Even before other costs, like transportation and storage, Argentine farmers receive a price that is 12%-33% percent lower than their competitors for any grain and oilseed bound for export. In this distorted market, poultry producers can still pay a discounted price if it is marginally better than the price offered by exporters and thus lower their feed costs substantially relative to producers in countries without such distortions. Nevertheless poultry exports face a 9% export tax, and poultry industry contacts report that high labor and utility costs (principally electricity), as well as value-added taxes, continue to constrain profitability. These factors have undercut Argentine producer’s competitiveness relative to regional competitors and moderated export growth despite currency movements that should have bolstered exports. Broilers are produced by a sector dominated by domestic, privately-held enterprises. More than 80 percent of the country’s chicken meat production is processed in 54 federallyinspected plants. The remaining volume is produced at 39 additional plants that are monitored and restricted by provincial authorities for domestic sale only, with a small amount of on-farm and backyard production. Commercial broilers are slaughtered at 4951 days at a carcass weight between 2.2 2.4 kilograms (kg). 2020 2020 production forecast is revised down to 2.195 MMT, representing a 0.87% percent increase from 2018. Industry sources report that they are ready to increase production, but since the domestic market demand is already being met, additional production without a commiserate increase in exports could lower prices. Due to COVID-19, large poultry companies have altered their operations so that plants can operate with 20 percent fewer personnel on the plant floor at any one time, while still maintaining production. 2019 2019 production is revised up to 2.176 million tons based on updated government and industry estimates. Consumption: Post forecasts 2021 domestic consumption of chicken meat up by 2 percent to 2.059 MMT, increasing per capita consumption to 45.8 kg. The OECD predicts that Argentina will emerge from three years of recession in 2021 with a 3.5% growth in GDP. In addition to a rising population, a growing economy will spur increased demand for all food products, and chicken continues to grow in popularity, partially because of perceived health benefits. Despite the difficult economic situation, there has been less protein switching than might otherwise be expected. Consumers have continued to consume large quantities of beef, albeit with some opting for cheaper cuts. Post’s annual estimated per capita protein intake in Argentina currently is 52.3 kg of beef, 45.8 kg of poultry, 14.5 kg of pork, 7 kg of aquatic products and 1.5 kg of lamb. 2020 poultry meat consumption forecast is revised down slightly to 2.04 MMT, up 0.94% from 2019. Poultry demand surged in the last week of March and during April as Argentina imposed strict lockdowns in an effort to contain the spread of COVID19. That demand subsided as consumers stocked freezers and adjusted to changing patterns of food consumption and were reassured by the continued availability of food under quarantine conditions. Whole broilers represent 70 percent of domestic chicken meat consumption. Industry contacts report that further processed value-added products, such as pre-cooked meals, frozen chicken meals, chicken nuggets and chicken burgers, represent market sector growth opportunities.
19.03.2024 |
|
|
|
|
|
09:43 |
CAP - The Commission proposes simplifications that safeguard agricultural transitions! |
18.03.2024 |
|
|
|
|
|
23:10 |
The European Union and Switzerland launch negotiations to deepen bilateral relations |
|
10:05 |
Commission proposes targeted review of Common Agricultural Policy to support EU farmers |
15.03.2024 |
|
|
|
|
|
23:36 |
Cargill Power CanolaTM Program Helps Farmers Take Advantage of Growing Bioenergy Market Opportunities for Canadian Canola |
|
23:19 |
FAO will provide Ukrainian farmers with soybean and sunflower seeds for spring sowing campaign |
13.03.2024 |
|
|
|
|
|
23:27 |
FAO urges more cooperation in banana sector, significant for some least developed and low-income food-deficit countries and smallholder farmers |
|
16:51 |
The European Commission sets out key steps for managing climate risks to protect people and prosperity |
12.03.2024 |
|
|
|
|
|
20:25 |
Coreper and COMENVI approve the provisional agreement on EU Carbon Removal Certification Framework |
|
20:24 |
INTA MEPs fail EU producers by dismissing potential improvements to Ukraine ATMs |
|
08:10 |
Soybean meal is expected to be a more competitive feed ingredient on higher global supplies. |
11.03.2024 |
|
|
|
|
|
09:11 |
U.S. Corn Exports Shift Destinations as Brazil Captures China Market |
08.03.2024 |
|
|
|
|
|
15:20 |
Conflicts push acute food insecurity higher |
|
13:21 |
FAO Food Price Index declines further in February |
|
13:14 |
Packaging: Council and Parliament strike a deal to make packaging more sustainable and reduce packaging waste in the EU |
|
11:45 |
Commission approves ˆ61.3 million Bulgarian State aid scheme to support farmers, producers of grain and oil crops, in the context of Russia's war against Ukraine |
07.03.2024 |
|
|
|
|
|
20:41 |
First go-ahead to renewing trade support for Ukraine and Moldova |
05.03.2024 |
|
|
|
|
|
15:55 |
Commission proposes to prolong road transport agreements with Ukraine and Moldova and introduces updates to the agreement with Ukraine |
02.03.2024 |
|
|
|
|
|
07:31 |
Heroes of deserts and highlands: Nourishing people and culture |
23.02.2024 |
|
|
|
|
|
10:21 |
BASF’s financial strength supports proposed stable dividend of ˆ3.40 per share for the 2023 business year |
|
10:17 |
The Council has chosen to ignore farmers' concerns regarding Ukraine ATMs; it is now imperative for the European Parliament to take action |
20.02.2024 |
|
|
|
|
|
20:27 |
South Asia is anticipated to import nearly 14 million tons wheat in 2023/24 |
19.02.2024 |
|
|
|
|
|
13:00 |
Cargill and ENOUGH expand partnership to provide consumers with innovative, sustainable protein options |
17.02.2024 |
|
|
|
|
|
17:47 |
Global Environment Facility approves new FAO-led projects and programs benefiting 46 countries |
16.02.2024 |
|
|
|
|
|
09:10 |
The EU is at a crossroads with the Ukrainian agricultural issue - COPA-COGECA, AVES, CEFS, CEPM, CIBE, EUWEP |
13.02.2024 |
|
|
|
|
|
17:31 |
European farmers exempted from rules on land lying fallow |
12.02.2024 |
|
|
|
|
|
16:45 |
India Wheat Stocks Plummet to Lowest in 15 Years |
03.02.2024 |
|
|
|
|
|
17:35 |
Mandarins. Global production for 2023/24 is forecast to rise to 38.0 million tons |
|
09:59 |
Record cereal output in 2023 |
|
07:15 |
FAO Food Price Index down again in January led by lower wheat and maize prices |
29.01.2024 |
|
|
|
|
|
10:32 |
President von der Leyen launches Strategic Dialogue on the Future of EU Agriculture |
26.01.2024 |
|
|
|
|
|
11:31 |
Record Exports Forecast for Egypt Oranges |
23.01.2024 |
|
|
|
|
|
17:55 |
With the Federal Chancellor in the show bakery |
19.01.2024 |
|
|
|
|
|
11:45 |
Organic production in Ukraine |
16.01.2024 |
|
|
|
|
|
23:25 |
Domestic consumption of dairy products may double in 2024 – analysts |
12.01.2024 |
|
|
|
|
|
23:53 |
Competition Tightens for Leading Pork Exporter |
|
22:55 |
Peru Fish Meal Exports at Lowest Level Since 2015/16 El Niño |
|
22:43 |
Grains Trade Disrupted by Challenges in Key Shipping Routes |
10.01.2024 |
|
|
|
|
|
15:38 |
In China, the largest import market for dairy products, surplus raw milk production led to government subsidies to stabilize the domestic processing sector |
09.01.2024 |
|
|
|
|
|
11:55 |
The FAO Sugar Price Index averaged 134.6 points in December, down 26.8 points from November |
06.01.2024 |
|
|
|
|
|
12:43 |
Polish fish and seafood imports continued to grow in 2022 and reached over $3 billion, with a $129 million (4 percent market share) originating from the USA |
05.01.2024 |
|
|
|
|
|
17:21 |
EU imports are dominated by unroasted green coffee beans, which accounts for about 90 percent of trade |
|
17:00 |
FAO Food Price Index declines in December. Benchmark measure of world food commodity prices ends 2023 about 10 percent below its year-earlier level |
29.12.2023 |
|
|
|
|
|
09:53 |
Global and Bank of Georgia sign EUR50 million loan agreement to support small businesses |
28.12.2023 |
|
|
|
|
|
16:47 |
EIB delivers EUR3 million for energy-efficient upgrades in three Ukrainian cities |
27.12.2023 |
|
|
|
|
|
23:11 |
EU agri-food trade surplus increases in September 2023 |
26.12.2023 |
|
|
|
|
|
15:05 |
FAO and EU launch a second grant call to bolster the recovery of Ukrainian farmers |
18.12.2023 |
|
|
|
|
|
09:00 |
EIB Global offers support to Ukraine, Moldova and Georgia on the next step of their EU accession paths |
11.12.2023 |
|
|
|
|
|
13:21 |
FAO Food Price Index holds steady in November |
09.12.2023 |
|
|
|
|
|
22:15 |
Donau Soja: Republic of Moldova increases soya harvest in 2023 and boosts market opportunities in the EU |
24.11.2023 |
|
|
|
|
|
12:25 |
SUGAR MARKET BY SESVANDERHAVE |
Also available:
|