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Egg Market Evolution in the Mediterranean Basin

Egg Market Evolution in the Mediterranean Basin. Dr. Thomas Elam, President, FarmEcon LLC. Data sources:. Egg production statistics are from FAO ProdStat database Population data to 2050 are from UN population studies GDP statistics are from World Bank, World Development Indicators database

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Egg Market Evolution in the Mediterranean Basin

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  1. Egg Market Evolution in the Mediterranean Basin Dr. Thomas Elam, President, FarmEcon LLC

  2. Data sources: • Egg production statistics are from FAO ProdStat database • Population data to 2050 are from UN population studies • GDP statistics are from World Bank, World Development Indicators database • U.S. egg feed costs are from USDA feed ingredient prices, FarmEcon costing formula • All data projections except population are from FarmEcon LLC

  3. Meeting Growing Global Food Demand • Most significant long run challenge facing food producers • World’s population projected to hit about 9 billion by 2050 • Increasing incomes: demand for animal-based products increases faster than population. • Recent global egg production growth averaged about 2.2% per annum • 2014-2050 conservative 2% average per annum egg demand growth • Need about 100 million tons of egg production to meet potential 2050 demand • Meeting potential demand, while producing a safe, environmentally responsible, welfare friendly egg supply is going to be a major challenge • Up to the people in this room, and others like you around the world, to make it possible. • Opportunities to bring hen productivity up in middle income areas of the world • Doing so would go a long way toward meeting increasing food demand with minimal environmental impact.

  4. Mediterranean Egg Industry Prospects

  5. The Global Scenario

  6. Today $0.38

  7. Meeting Growing Global Food Demand • Global egg sector is a dynamic, growing, food source • Per capita consumption benefiting from income growth, especially in Asia and Africa. • The Mediterranean Basin region is sharing in this growth • But compared to the global industry not fully benefiting from income growth • Within the region a very wide range of economic and political situations, production systems, demand growth, and regulatory regimes • Yet, many common issues facing egg producers across the entire area • Hen productivity in many low productivity countries are a major opportunity to meet 2050 potential demand with minimal increase in hen numbers • Increased hen productivity would also effectively address many of the other major issues identified above.

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