Hungary: In a difficult situation, feed production faces even more serious challenges

Published 2021년 7월 21일

Tridge summary

The article highlights the importance of feed production in successful animal husbandry, noting that it accounts for a significant portion of livestock spending due to the increasing global consumption of milk and meat. Despite the environmental and nutritional concerns, meat, milk, and egg production still occupy nearly 70% of the global agricultural area. By 2050, global meat consumption is projected to rise by 40%, with China, the US, Brazil, Germany, and Russia being the leading producers. The demand for feed is expected to increase, with cereals and oilseeds being the main sources. Industrial compound feed production is also on the rise, with annual sales exceeding $400 billion, and the market is projected to grow to $539.9 billion by 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Successful animal husbandry requires the right quantity and quality of feed, which is a key component of livestock spending. Due to the growing consumption of milk and meat in the world, feed production is still a promising sector, the development of which in Hungary depends mainly on improving efficiency. The analysis also points out that experts do not expect artificial meats to gain significant consumption in the next 1-2 decades. OTP Agrár wrote that meat, milk and egg production today indirectly tie up nearly 70 percent of the global agricultural area, despite environmental and human nutrition opinion leaders raising awareness of the low level of feed transformation in animal husbandry. effectiveness. Meat and milk production requires about six times as much land to produce the same number of calories as grain production. In assessing this, one should not overlook the fact that cereals are not nearly as high in protein as meat and other animal products, they wrote. Therefore, ...
Source: Magro

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