Turkeys in decline

By: trademagazin Date: 2009. 02. 05. 08:00

World trends in the market of meat and poultry are monitored by the Agricultural Business Research Institute (AKI). Data from the market price information system of KSH and AKI (PÁIR) can be useful for making business decisions. The global livestock of turkey amounted to 5.3 million tonnes last year, 3 percent more than in 2007. The fastest growth was recorded in Russia (40 percent). Growth was 5 percent in the USA, the largest producer, which accounts for over 50 percent of world production. The EU accounts for one-third of the world market, while Brazil has a 10 percent market share. Production is expected to drop this year world-wide. The consumption of turkey was up by 57 percent in China last and also by 15 percent in Russia. Demand dropped by 1 percent in the EU-27 market. Livestock in Hungary was up by 2 percent in 2008. Domestic sales were down by 12 percent but export was up by 5 percent. Livestock is expected to shrink in 2009.

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