EU Compound Feed Production To Ease Back In 2008

High cereal prices in 2007 were responsible for a spike in EU compound feed production to 149.8mmt, according to FEFAC, an increase of aroun 3.4% on 2006.

Farm animals in the EU consume around 470mmt of feed each year, around 150mmt of it compound feed.

The high price of cereals in 2007 encouraged mixed farmers to sell their grain and buy more compound feed. With grain prices sharply lower in 2008, some will rethink that strategy, FEFAC say.