Fall in pig feed demand forecast for 2016
This is largely based on projections of a “significant reduction” in pig feed demand this year which is forecast to decline by 1.5% in comparison to 2015.
According to the latest figures from the European Feed Manufacturers’ Federation (FEFAC), overall compound feed production in 2016 is set to decrease by 0.7% year-on-year, driven by falling pig sector demand and only partially offset by a projected rise of 0.5% in poultry feed output.
Based on data provided by FEFAC members, compound feed production in the EU-28 in 2015 reached 157.3 million tonnes, which was 0.6% more than in 2014.
Within this overall performance, cattle feed production dropped by 0.7%, while pig feed and poultry feed grew by 0.6% and 1.2% respectively. ■