Global Animal Protein Outlook 2019 – Growth Slows Down… as Doubts Gear Up
Growth in global animal protein continues, but it is slowing. Uncertainty is a key theme for 2019. Uncertainty created by African swine fever, in trade, and with feed prices all contribute to the slowdown in production. However, global animal protein also has opportunities in 2019, according to the recently released RaboResearch report “Global Animal Protein Outlook 2019 – Growth Slows Down… as Doubts Gear Up”.
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Video: Animal Protein Outlook 2019
Video: About the 2019 Agri Commodity Market and Animal Protein Outlooks
Figure: How we see global animal protein in 2019
Growth in global animal protein production is expected to slow as we move through 2019, given some obvious areas of uncertainty in trade, biosecurity and the weather. These uncertainties could though swing both towards weaker or strong constraints on production during 2019.
The fundamentals remain supportive of ongoing growth in animal protein. The economic outlook is positive for most of the world, and consumer confidence remains firm.
To help ensure a successful year ahead, the animal protein supply chain needs to look through the uncertainties. Boosting competitiveness in trade will benefit from strong relationships and reasonable pricing, as well as enhanced biosecurity. Boosting competitiveness in domestic markets will benefit from innovative approaches to production and processing that boost value-adding.