NEWS FEED & ADDITIVE MAGAZINE September 2024 19 As the agriculture industry awaits final implementation guidance from the European Commission on the forthcoming EU Deforestation Regulation’s requirements, ADM took the initiative to begin offering fully verified, segregated, traceable soybean meal and oil to meet the needs of European customers. Supply is currently sourced from North American farmers enrolled in ADM’s re:source™ program, and ADM continues to work across other key regions to pilot soybean crushing and exporting of both beans and meal to the EU in fully traceable and segregated supply chains. In addition, on September 17 at 9:15 am, ADM’s nutrition experts will share an overview of their science-backed solutions for the feed industry, through an extensive range of service to address today’s and tomorrow’s challenges, and an effective range of products including: • Sharing knowledge of protein nutrition including low protein diets, digestible protein and amino acid specifications • Species-specific premix, complete feed, feed additives and ingredients-based solutions • Trace minerals and mineral buckets for ruminants of all life stages • Saccharin-free sweeteners for swine • NEW! XRF analysis service Read more>> ADM to focus on traceable soybean meal and oil According to the recently publicized RaboResearch Global Poultry Quarterly Q3 2024 report, the outlook for global poultry markets is further improving, driven by accelerated growth in poultry meat consumption (+1.5% to 2%) and disciplined supply growth in many markets. After four years of highly disruptive conditions, global poultry markets are moving toward more “normal” market conditions. Demand for value-added poultry products is recovering in line with expectations, due to gradually rising spending power and lower costs. Most of this global growth has been driven by strong local market conditions rather than trade. This is particularly true for emerging markets in Southeast and South Asia, Africa, and Latin America. Lower feed prices have made chicken more affordable, supporting demand recovery. The EU and the US are performing well this year, with relatively strong demand, controlled production growth, and rising prices. The main exceptions to this relatively strong market environment are China and Japan, where the industry has experienced overly ambitious growth rates above 3% this year, which negatively impacted local profitability. Brazil had also been heading toward an oversupply, but recent production cuts are expected to help balance the markets. Experts predict that global trade will become more competitive than in the past two years due to shifts in trade flows. In China, rising production, low prices, and sharply dropping imports will significantly impact global trade. Read more>> RaboResearch: Global poultry markets are recovering amid tougher trade conditions
RkJQdWJsaXNoZXIy MTUxNjkxNQ==