“Rabobank expects animal protein production to increase in all regions, with total production growth once again surpassing the ten-year average,” according to Justin Sherrard, Global Strategist – Animal Protein. “This strong production increase is mainly being driven by Brazil, China, and the US.”
Looking at production across species, beef joins pork as a strong contributor to global expansion. In 2018, global beef production is expected to expand for a third consecutive year, and global pork production is expected to see another year of significant expansion. Poultry production is also expected to grow, but will be down slightly on 2017.
In seafood, aquaculture continues to drive seafood supply growth. Sustainable growth in the seafood industry solely depends on aquaculture, although we expect the wild catch industry to recover after El Niño recedes in 2017. Zooming in, the salmon market is recovering, fishmeal prices will stabilise, and the shrimp industry is likely to continue growing.
To read the rest of the story, please go to: Rabobank