News 1068 views update:Mar 9, 2016

EU to cut export refunds on poultry

Export refunds for poultry are being cut by one-third, in response to relatively high average broiler prices in the EU and tighter supplies.

The change means the refunds for frozen whole chickens (65%-70%) are reduced from €32.50/100kg to €21.70/100kg - a reduction of more than €10/100kg.

"The change is a response to the current market situation," said an EU spokesman. "The EU average broiler price remains very high at €199/100kg. This is 9.6% higher than the five-year average."

Refunds are only payable on exports to the following destinations - Commonwealth of Independent States, (Ukraine, Belarus, Moldova, Russia, Georgia, Armenia, Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, Tajikistan, Kyrgyzstan), Angola, Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, United Arab Emirates, Jordan, Yemen, Lebanon, Iraq and Iran.

In April this year, the EU Commission removed all export refunds on eggs, except albumin, to some Asian markets.

Source: Poultry World

World Poultry

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