Thailand: China winches to buy animal feed pushing up raw material costs

Published 2021년 10월 8일

Tridge summary

The article highlights the significant increase in the cost of feed raw materials, such as corn and soybeans, used in animal feed production, largely due to increased demand from China and storms in the US leading to insufficient supply. As a result, Thai feed producers are facing a 10% increase in production costs, leading them to consider using more domestic raw materials to reduce costs. The high cost of animal feed, which accounts for about 70% of the total cost of raising animals, could impact the profitability of animal farming. The article also mentions the shift towards using plant-based raw materials in animal feed, which is reducing the demand for fishmeal.

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

Original content

"Feed raw materials" are expensive over the years. After China flocks to party more - storms hit the United States, shrinking output S. Animal feed manufacturer Prepare to use more raw materials in the country hoping to reduce the cost of raising animals "Grits-Rice-Bran-Man" Orange Drops A source from the Thai Feed Mill Association revealed that The situation of feed raw materials in the 4th quarter, for example, corn increased by 30%, with an average price of 11-11.50 baht per kg from 2020, the price of 9 baht per kg, while the price of soybeans increased by 25%, an average of 20 baht per kg from the previous year. Average 15 baht per kg, resulting in the cost of animal feed production increased by 10% since the 4th quarter and continued into the first quarter of 2022. The factor causing the feed raw material price to increase is the result of a large importer like China. The economic situation is starting to recover from the Covid-19 problem. As a result, China has continuously ...

Source: Prachachat