China changes the formula of animal feed production

Source: Nongnghiep.vn Workers on a farm in China feed pigs. The move is seen as a measure that could reshape the flow of grain into the world's top buying country for corn and soybeans. China's corn prices have risen more than 30% in recent years, especially after declining output and state stockpiles. China has started to import more corn to cover its domestic deficit. Therefore, feed manufacturers have been turning to cheaper alternatives, especially wheat. Corn and soybean futures prices on the Chicago exchange recorded a multi-year high on April 21, so the new Chinese guidelines may not do much in the near term. the cost of animal feed increases. The Chinese Ministry of Agriculture and Rural Affairs said in a statement on its website that the new guidelines aim to improve the use of available raw materials and create a recipe more suitable for Chinese conditions. National. China consumes about 175 million tons of maize for animal feed each year, and that number will increase ...