NEWS 14 FEED & ADDITIVE MAGAZINE January 2023 Rabobank announced its report titled Global Animal Protein Outlook that includes forecasts for 2023. According to the report, even though global animal protein production is expected to grow modestly in 2023, it will be another year of change for the sector. The industry will face high costs along the full supply chain, swings in consumption, and other areas of uncertainty for producers, such as elevated disease pressure and regulatory and market-driven changes. As a result, margins will be squeezed as buyers push back on higher production costs. But opportunities still exist, although they will be more restricted. "We see growth favoring value-for-money products, efficient producers and processors, agile companies, exporters advantaged by FX movements, and biosecure producers," says the Rabobank's experts. “Some animal protein companies will see 2023 as a year to recalibrate their growth expectations and plans,” says Justin Sherrard, Global Strategist – Animal Protein. “Some companies will maintain a near-term focus and strengthen agility so they can roll with the cyclical changes. Other animal protein companies will focus on longer-term growth and start investing and positioning for success given the structural changes ahead.” The overall trend for 2023 is for production growth to slow further, with small gains in some regions but contraction in others for the main terrestrial species. Slow growth is expected in China across all species groups, and ongoing growth is expected in Brazil and Southeast Asia. Oceania will experience slow growth, while North American and European production will contract. Aquaculture leads global growth across the species groups, once again, and its continuing expansion is supported by its relative independence from agri commodity prices. Poultry is set to maintain its consistent growth pattern, wild catch is set to expand slightly, beef production will decline slightly, and pork will see a decline. Read more>> Rabobank report: Animal protein industry to face high costs along in 2023 The 15th CRU Phosphates Conference returns as a live, in-person gathering between 27 February to 1 March 2023 in Istanbul, Turkey. CRU Phosphates is an important annual gathering where the global phosphate community meet to network, do business and learn about the key trends and technical innovations affecting the entire phosphate value chain. Istanbul, located at the crossroads of Europe and Asia represents an ideal location to connect a global audience from across the international supply chain involved in the phosphate fertilizer, feed and industrial industries. Participants will have the opportunity to learn how the latest technologies are driving sustainability and efficiency improvements in the phosphate industry. As the leading annual forum regularly attracting 400+ senior commercial and technical decision-makers from across the supply chain, and over 50 exhibitors, the event in Istanbul in February offers the ideal opportunity to reconnect in-person for important discussion, debate, and business development. Read more>> CRU Phosphates Conference to be held in 2023 in Turkey Rabobank has released Global Animal Protein Outlook 2023 report. According to the report, margins will be squeezed as buyers push back on higher production costs, but opportunities still exist in the animal protein industry.
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