EU broiler prices are dropping constantly due to logistic and supply chain disruptions, foodservice closure and oversupply all caused by the COVID-19 crisis. Last week, the average price in the single market stood at €177.11/100kg carcase weight, the lowest level in the last 5 years, according to statistical data from Eurostat. Compared to the same week last month, the average price is down 4.5% and 6.9 down the same period last year. According to the European Commission forecast, poultry production is still expected to grow by 1.2% this year, despite the oversupply reported in several countries such as Poland, who has seen prices going down by 37% in the last month. Poland is the main poultry producer in the EU, accounting for a 20% market share but, since the beginning of the year, a toxic combination of avian flu and logistics disruption for export to non-EU countries impacted the sector. For the entire EU poultry industry, 2020 started with lower volumes exported to markets such as UK (-48%), Ukraine (-46.1%), South Africa (-33.4%) or Hong Kong (-25.8%).
https://www.euromeatnews.com/Article-EU-broiler-prices-sink-to-the-lowest-level-in-5-years/3849
