date:May 16, 2012
Price levels will be supported by high beef prices, although higher input costs might reduce margins due to poor weather in South America, requiring an ongoing supply discipline. Total trade is expected to grow 4% over the year 2012, despite lower trade in the first quarter, Rabobank added.
The bank sees a major swing factor in the return of Thailand as a raw poultry exporter, as the EU will lift its ban on raw Thai chicken from 1 July 2012.This[will]lead to intensified competition in export m