4 min
Feed industry positive but must remain vigilant Asian Agribiz Podcasts
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Falling raw material prices helped ease business for Asia’s feed industry in the second half of 2023. While global feed production dipped last year, Asia Pacific saw a 1.4% growth.
Most poultry and livestock industries in the region are expected to grow this year, meaning higher feed demand.
However, growing geopolitical tensions, climate change, and government regulations will continue to pose challenges, making it imperative for companies to remain vigilant and adaptive in their strategies.
However, challenges are a given in any industry, and the feed business is no exception. However, with such an integral role in food production, feed producers can remain secure in their business if they are willing to evolve with it.
Falling raw material prices helped ease business for Asia’s feed industry in the second half of 2023. While global feed production dipped last year, Asia Pacific saw a 1.4% growth.
Most poultry and livestock industries in the region are expected to grow this year, meaning higher feed demand.
However, growing geopolitical tensions, climate change, and government regulations will continue to pose challenges, making it imperative for companies to remain vigilant and adaptive in their strategies.
However, challenges are a given in any industry, and the feed business is no exception. However, with such an integral role in food production, feed producers can remain secure in their business if they are willing to evolve with it.
4 min