GLOBAL FEED PRODUCTION DOWN SLIGHTLY IN 2023. Р.1

Анотація

Global animal feed production remained steady in 2023 at 1.29 billion metric tons (BMT), but was down slightly, 2.6 million metric tons (MMT) — or 0.2% — from 2022’s. The overall lower demand for feed was due, in part, to the more efficient use of feed made possible by intensive production systems that focus on using animal nutrition, farm management and other technologies to lower feed intake while producing the same amount of protein, or more. A slowdown in the overall production of animal protein, in response to tight margins experienced by many feed and animal protein companies, also contributed to lower feed demand. Changing consumption patterns caused by inflation and dietary trends, higher production costs and geopolitical tensions also influenced feed production in 2023.