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ADM's animal nutrition president Isamael Roig outlined four dynamics for the 2023 feed additives market. He cited US-China tensions and the Russia-Ukraine conflict as drivers of supply-chain disruption and a stronger focus on food security.
He also said energy and freight costs will keep additive production and shipping expensive through 2023.
Higher energy and freight costs and reshoring of vitamin and amino acid supply away from China could lift the cost of feed additives such as lysine and methionine. That would pressure margins for feed compounders.
foodagribusiness.worldTreena HeinJan 4, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
