Fall in pig feed demand forecast for 2016Staff writer ▼ | July 1, 2016
Europe’s feed market experts are “relatively pessimistic” concerning industrial compound feed production in 2016.
Feed trade Cattle feed production dropped by 0.7 percent
According to the latest figures from the European Feed Manufacturers’ Federation (FEFAC), overall compound feed production in 2016 is set to decrease by 0.7% year-on-year, driven by falling pig sector demand and only partially offset by a projected rise of 0.5% in poultry feed output.
Based on data provided by FEFAC members, compound feed production in the EU-28 in 2015 reached 157.3 million tonnes, which was 0.6% more than in 2014.
Within this overall performance, cattle feed production dropped by 0.7%, while pig feed and poultry feed grew by 0.6% and 1.2% respectively. ■