3 challenges slow Brazilian feed, animal protein production
Brazil’s feed industry is growing at a slow, but steady, pace as it faces transportation issues, storage shortages and feed additive dependence.
Feed production in Brazil has experienced consistent growth in recent years; however, as elsewhere in the world, the rise in corn and soybean meal prices has had a very strong impact. Moreover, in the case of feed additives, such as vitamins, enzymes and amino acids (except lysine and tryptophan), Brazil is entirely dependent on foreign sources. The strong devaluation of the real (domestic currency) also impacts these products, quoted in U.S. dollars. This has affected feed producers and animal producers who purchase feeds.
Read the full article at: Feed Strategy | March/April 2023