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Greek Poultry Industry Recovering, Report

by 5m Editor
25 September 2007, at 11:51am

GREECE - Greece's poultry industry is one of the most significant sectors of the domestic meat industry, with a total production of 177,000 tones of poultry in 2005 or 35 percent of total production in the country, a report by Hellastat said on Monday

The poultry sector is characterised by a strong consolidation with the five larger companies in the industry accounting for 68.9 pct of the market, with the poultry cooperatives of Pindos and Arta (Epirus) holding a significant market share (45 percent), followed by Central Greece (27 pct) and Macedonia-Thrace (18 pct)

The report noted, however, that the sector's profitability was badly hit by the avian flu epidemic which kept several units closed and led to a sharp decline in demand. Poultry businesses, however, worked hard in adopting high-quality standards in production, a trend combined with a recovery in demand is expected to return the sector into profitability this year

Source: Hoovers

5m Editor