The International Poultry Council (IPC) has expressed concern that the current world grain shortage caused by a prolonged drought situation in the soybean and corn producing regions in the United States, coupled with excessive rains in Northern Europe, is having a significant impact on poultry meat production worldwide.
The IPC said in a press release that global commercial poultry production depends on feeds produced from corn, soy and other grains, all of which are important inputs. However, because of the US drought, global corn and soybean supplies are insufficient.
Meanwhile, financial speculation has worsened the situation, sending corn and soy prices to