World Trade Virtually Unchanged

BROILER MEAT: 2011 REVISED FORECAST OVERVIEW

Imports
The December announcement of a reduction in Russia’s TRQ resulted in a significant downward revision in Russia’s expected imports.
Mexico and the Philippines forecasts are raised on strong demand for mechanically deboned meat.
Some African markets are revised higher on strong demand, e.g. Angola, Benin, and South Africa.
The forecast for Saudi Arabia is increased as production gains are unable to keep pace with growing demand.
Japan is raised on increased demand and short-term disruption in production due to the tsunami and earthquake.
EU is revised lower on more stringent regulations.
China’s forecast is revised lower on continued antidumping and countervailing duties on U.S. product.