Brazil: Animal Feed Sector projects to close 2020 at around 5% growth and total production of 81.1 million tons

Published 2020년 12월 18일

Tridge summary

The Brazilian animal feed industry has seen a 4.7% growth in the first nine months of 2020, with projections to reach nearly a 5% growth by the end of the year, resulting in a total production of 81.1 million tons. This growth is particularly significant amidst the challenges of the COVID-19 pandemic and its impact on the global economy. The production of feed for broiler chickens and laying hens is expected to increase by 3.5% and 5.5%, respectively, despite the high cost of production and the economic recession. The industry's resilience and ability to fully serve exporters have been key factors in its performance, as has the adoption of specific protocols to prevent the spread of the virus.

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: NoticiasAgricolas