China: Trend in feed production and use

Published 2023년 4월 21일

Tridge summary

The article highlights the dynamics of China's agricultural sector, particularly focusing on feed utilization, production, and market trends for the 2023/24 period. It is expected that feed utilization will remain stable due to steady demand for pig and poultry feed, with an increase in maize content. China's feed production reached 302.2 Mt in 2022, with pig and poultry feed accounting for most of it. The use of maize in feed has increased, while wheat and barley use has decreased. Factors such as high feed prices and low hog prices are expected to limit expansion in the pig farming sector. Meanwhile, corn acreage is expected to decrease as government policies favor soybean production. Corn and sorghum imports are projected to remain stable, while rice consumption and imports are expected to decline.

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

Original content

In China, feed utilization in 2023/24 is expected to change little from 2022/23 due to expected stability in demand for pig and poultry feed. However, the proportion of maize in formulations is expected to continue to increase. According to the latest report by the China Feed Industry Association, domestic feed production in China increased to 302.2 Mt in 2022, an increase of 3% year-on-year. Pig and poultry feed production represented 45% and 40% of total feed production, respectively, up from 45% and 41% the previous year. Feed mills used 30% more maize in their feeds in 2022 than in 2021. Use of wheat and barley decreased significantly, while use of domestically produced sorghum, wheat bran, rice bran and DDG increased in 2022. Pig production in 2023 is expected to decline by 2% to 700 million head due to a lower sow census in 2022 than in 2021. With feed prices high and hog prices persistently low, it is unlikely that pig farms will expand their capacity in 2024. Beef and ...

Source: 3tres3