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by Feedstuffs, 17/01/2019 -
Brazil is expected to increase its feed production volume to 100 million metric tons (mmt) during the next several years based on the level of pork and poultry production in the country and the global commodity market, according to feed industry experts and analysts in the department of feed production of the Russian Ministry of Agriculture.
At present, Brazil remains the largest feed producer in Latin America and the third largest on a global scale. Last year, it produced almost 70 mmt of feed, twice as much as India, the world’s fourth largest producer. Local analysts believe the country has not yet fully realized its potential in the global feed market.
In fact, the volume of feed production in Brazil has been growing for the last seven years. Analysts predict the growth is expected to continue until at least the beginning of 2020, largely due to the large raw materials base of the industry and low production costs.
