Tags: Brazilian feed industry

In the past two years in the Brazilian feed industry, two factors have influenced the growth of the sector: “One was a seasonal factor, which was the high cost of raw materials, mainly grains; and the other is a structural factor, which was the exchange rate,” said Ariovaldo Zani, CEO of Sindirações, the Brazilian feed manufacturers association. The real, the Brazilian currency, has had a moderate devaluation and, due to the fact that the feed industry depends on foreign supply of feed additives, it affected production costs. In terms of growth, feed production increased from 2022 to 2023, with an annual growth rate of 1.2%. Zani said this was aligned with what the Organization for Economic Co-operation and Development