Joseph Sohm | AdobeStock.com
In the past two years in the Brazilian feed industry, two factors have influenced the growth of the sector: "One was a seasonal factor, which was the high cost of raw materials, mainly grains; and the other is a structural factor, which was the exchange rate," said Ariovaldo Zani, CEO of Sindirações, the Brazilian feed manufacturers association.
The real, the Brazilian currency, has had a moderate devaluation and, due to the fact that the feed industry depends on foreign supply of feed additives, it affected production costs.
