Brazil: Animal feed sector plans to end 2020 at around 5% growth

Published 2020년 12월 18일

Tridge summary

The Brazilian animal feed industry has shown resilience during the pandemic, with a 4.7% growth in the first nine months of 2020, translating to a projected total production of 81.1 million tons for the year, nearly 5% higher than the previous year. This growth is impressive given the challenges of the global economy and the reduction in shipments to China. The demand for animal protein, especially during the holiday season, and the ability to serve exporters have contributed to the sector's performance. Within this, the production of feed for broilers and laying hens has seen significant growth, with broiler feed production almost at the expected pre-pandemic rate and laying hen feed production expected to increase by 5.5%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to estimates by the National Union of the Animal Feed Industry (Sindamentos), the result obtained by the feed production chain, counted until September, registered a growth of 4.7% compared to the same period of the previous year. Even at a slower pace, after totaling 5.2% at the end of the first half, the result is still surprising, with the projection of ending the year maintaining a growth of almost 5% and a total production of 81.1 million tons of feed. The result is celebrated by the animal feed industry, taking into account the atypical year and full of challenges imposed by the pandemic of the new coronavirus and which impacted the global economy with the drop in GDP in most major world economies. The production chain resisted the effects of the pandemic, reaching 5.2% growth during the first half of the year. While from July to September, some slowdown had been noticed. Although the relative decrease in shipments to China and, above all, the cut in half of the ...

Source: Suinoculturaindustrial