Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

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 producers 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 countrys 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 49–51 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. Posts 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.

Agro Perspectiva

< CNH Industrial announces subsidiary notes offering All news for
30.09.2020
FAO's Committee on Agriculture focuses on how livestock sector transformation can contribute to achieving the SDGs >

28.07.2021  
12:17 BASF with very strong second quarter supported by higher prices and volumes
24.07.2021  
10:36 Ethiopia: Worlds Third‐Largest Arabica Coffee Producer
23.07.2021  
10:49 U.S. Production and Exports Forecast Down Despite Global Gains
16.07.2021  
15:06 Global pork production for 2021 is revised up nearly 4 percent to 105.1 million tons
12:50 Global Soybean Trade Slows on Weaker China Demand
14.07.2021  
13:45 UN report: Pandemic year marked by spike in world hunger
11:00 Australia to Expand Wheat Exports as North America Faces Tighter Supplies
10:37 Philippines Pork Imports Expected to Reach Record Levels
08.07.2021  
15:12 World cereal inventories expected to rise for the first time since 2017/18
13:15 Global food prices fall for the first time in 12 months
06.07.2021  
12:30 ASTARTA Exported the First Batch of Organic Products
30.06.2021  
18:05 Turkey. In MY 2020/21, orange production is estimated to decrease 1.3 million MT
29.06.2021  
11:55 Tetra Pak to invest 100 million to expand European manufacturing for more sustainable solutions
25.06.2021  
17:17 FRESH APPLES. World production for 2020/21 is projected down 3.6 million tons to 75.9 million
24.06.2021  
13:05 Vattenfall to sell 49.5% of the offshore wind farm Hollandse Kust Zuid to BASF
17.06.2021  
12:30 Minister Bozukov: Environmental commitments in agriculture need adequate economic incentives
16.06.2021  
10:52 U.S. Corn Exports at a New High for 2020/21
09.06.2021  
17:05 Iraq Issues Decisions to Restrict the Movement of Wheat and Barley
16:37 Case IH Introduces New Planter Tech, Applicator Configurations
04.06.2021  
13:46 World cereal markets heading towards a record production in 2021/22 but only a marginal increase foreseen for stocks
03.06.2021  
14:29 Japan. The tariff-rate quota volumes for butter at 6,400 MT and NFDM at 750 MT for JFY 2021
12:25 Burma. Wheat consumption is forecast to decrease in 2021 due to economic contraction and cash shortages post-coup
09:25 Pests destroy up to 40 percent of global crops and cost $220 billion of losses
01.06.2021  
10:55 Tetra Pak's optimal integrated solution helps cut water usage and carbon emissions for the dairy sector
31.05.2021  
11:53 European Union sugar production is forecast 7 percent higher to 15.8 million tons
26.05.2021  
13:02 Sugar Production Up Globally in 2021/22, Stable in the United States and Mexico
18.05.2021  
13:33 ASTARTA Completed its Sowing Campaign 2021
17.05.2021  
16:47 CNH Industrial announces subsidiary notes offering
14.05.2021  
14:15 ASTARTA Started Raw Sugar Processing
12.05.2021  
14:01 For the MY 2021/22 forecasts Bangladeshs rice production to increase, assuming friendly weather and increased yield
12:51 Total Latvian wheat, rye, mixed grains, triticale, barley, corn, and oat production in MY 2021/22 is forecast at 3.2 MMT
07.05.2021  
13:22 Global cereal markets tighten as demand remains strong in 2020/21
12:25 International food prices continue rising in April
06.05.2021  
15:38 New Zealand. Total milk production is forecast at 22.2 MMT
05.05.2021  
16:47 CNH Industrial. Consolidated revenues of $7.5 billion (up 37% compared to Q1 2020)
13:21 Australia. Wheat production is forecast at 27 MMT in MY 2021/22
30.04.2021  
14:21 ASTARTA Finished Sugar Beet Planting
29.04.2021  
11:49 Manitou Group: Q121 revenues of 471m, +12% vs. Q120
11:39 BASF increased sales by 2.6 billion compared with the first quarter of 2020 to 19.4 billion
28.04.2021  
17:00 Spain: Spanish Cheese Exports May Rebound in 2021
27.04.2021  
16:47 Argentina. Wheat production is estimated at 20.5 million tons in 2021/2022
26.04.2021  
16:35 Small family farmers produce a third of the worlds food
10:09 Industrial production in Ukraine 2.1% up in March 2021 - statistics
24.04.2021  
07:20 Finance Ministry proposes to change criteria for land valuation in settlements by 2023
22.04.2021  
11:28 Giving a voice to soil organisms our silent allies in the fight against hunger
21.04.2021  
09:53 NBU sends UAH 24.4 bln of profit to state budget
20.04.2021  
11:50 Vietnam. Soybean meal demand for feed use is forecast to increase in MY2021/22 as the swine herd repopulates
16.04.2021  
14:11 NBU raises key policy rate to 7.5%
14.04.2021  
17:10 Brazil Meat Exports Continue to Grow
13.04.2021  
16:25 Coffee is considered a priority crop by the Angolan Government

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2021 © Agrarika, ltd.
tel.: +380 44 5934543; +380 44 5934540
e-mail: client@agroperspectiva.com