I think we are all hoping that 2021 will bring some normality back into our personal and business lives. I fear, however, that the market outlook for 2021 is far from positive.
FEFAC expects that the market conditions for all major animal production sectors will remain tough for the coming period. Countries with African Swine Fever (ASF) outbreaks see their pig meat export markets closed; there is a lack of short-term perspective for the re-opening of the hotel, restaurant and catering (HORECA) sector in many countries and tourism is still largely ‘banned’. And then there are uncertainties like Brexit and Avian Influenza (AI).
On the feed supply side, we are also experiencing a fragile situation in terms of availability of certain feed additives, reduced supplies of co-products such as rapeseed and sunflower meal and prices on global agricultural markets moving in an upward trajectory.
Sustainability pressure on sector looms large
At the same time, we have to deal with increasing sustainability requirements, not in the least driven by the EU Farm to Fork Strategy, which will bring forward the first legislative proposals in the coming year. In the second quarter of 2021, we know we can expect an EU legislative proposal with measures to tackle embedded deforestation.
FEFAC will publish its upgraded Soy Sourcing Guidelines (SSGs) in the first week of February 2021, which will facilitate the possibility for (feed) operators to source ‘conversion-free soy’ beyond compliance with national legislation in exporting countries. The pressure the feed industry is facing in many markets in Europe to assure that the use of soy does not drive any conversion of natural eco-systems is extremely high. I hope that the SSGs 2021 will boost the credibility of ‘responsibly produced soy’, as I know there are downstream partners who have lost faith in certification and are finding it increasingly difficult to keep soy as part of their sustainability strategies from a marketing perspective.
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December 23, 2020 at 04:34PM
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EU feed industry outlook for 2021 - FeedNavigator.com
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