What will the prices of feed
ingredients be in 2021?
- Several journals expect corn or
soybean meal prices to rise next year.
Figure 1 Global corn price change.
Figure 2 Global soybean price change.
Why is it
rising?
- Due to
the influence of La Niña, the climate of South
America, which is the production site of corn and soybean meal, affects feed
ingredients production
- Rebuilding of China's pig industry will
reduce China's imports of animal protein and increase imports of feed ingredients.
Figure 3 Global pork production change and forecast.
Then, what should you do?
One of the solutions to this situation
is enzymes.
Enzymes can increase digestion and
absorption of feed crops. Therefore, it is possible to increase the proportion
of inexpensive feed ingredients, resulting in cost savings.
Although 2020, which was difficult due
to Covid-19, will pass and 2021 will come, rising feed prices are expected to
reduce farm profits. I hope that many farmers will endure this challenge
through a solution called enzymes.