Rabobank: disruptions on meat market also in 2022

Those hoping that 2022 will bring calm after multiple market disruptions will likely be disappointed, according to Rabobank. Although markets are expected to calm down somewhat in 2022, many drivers of recent changes will remain. Leaders of animal protein companies are poised to find and seize opportunities in this relatively challenging market context.

Input Costs

Higher input costs to animal protein supply chains, including feed, labor, energy and freight, will be the main drivers of change. These will be accompanied by ongoing changes, driven by the transition to more sustainable animal proteins, biosecurity challenges and Covid-19.

Animal protein prices 

Against this backdrop, animal protein prices are likely to remain stable in 2022 (with a few exceptions), supported by continued supply constraints and generally strong demand. "

Trend for 2022

The general trend for 2022 is continued but slowing production growth, driven by pork, poultry and aquaculture. Rabobank expects the growth trend of recent years in these groups to continue, although pork will grow more slowly. Beef and game meat are both expected to contract slightly. The continued recovery of China's pig herd will be the main driver of growth in global markets in 2022.

Rabobank.nl
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