|
European compound feed production slumps 4% 08 Jun 2010
08.06.2010 12:24 "Agro Perspectiva" (Kyiv) —
The total production estimate for compound feed production in the European Union is now set at 147.6 million tonnes, which is 3.8% below the figure for 2008 (153.4 mio. t).
European compound feed production slumps 4%
The significant downturn has affected all animal species, in particular cattle feed (around -6%), pig feed (-5%) and, to a lesser extent, poultry feed (-1%).
As far as countries are concerned, Spain and France are now shoulder to shoulder for the position of EU leading country in terms of total compound feed production, preceding Germany.
Spain indeed registered a lower decrease, i.e. -2.6% whereas Germany, France, Italy and The Netherlands experienced a downturn within a range of -3.6/-6.1%.
Cattle and pig feed production went down in almost all countries, whereas poultry feed production increased in Italy, Belgium, Hungary, Poland and Portugal but dropped in France, Germany, The Netherlands and Spain.
The current forecasts for the EU cereals harvest 2010 indicate relatively low quotations for new crop grains in 2010, while soybean meal prices are expected to remain stable.
The announced decrease in global quotations due to record harvests in South America is likely to be offset by a less advantageous dollar/euro exchange rate.
As a consequence, FEFAC experts foresee a further reduction in cattle feed production (-2%) and pig feed (-1%) and a stabilisation in poultry feed production. Overall, compound feed production may decrease by 1% compared to 2009.
Also available:
|
| |
|
|