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News

JUL 16

Milling

Terror attack on Turkey has wider significance

Compound feed production

in 2015 up 0.6 percent on previous year; downward trend expected in 2016

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ccording to data provided by FEFAC members, compound feed production in the EU-28 in 2015 reached 157.3 million tonnes, up 0.6 percent on 2014. While cattle feed dropped by 0.7 percent, pig feed and poultry feed grew by respectively 0.6 percent and 1.2 percent. Feed costs remained low and even decreased compared to 2014, due to a good 2015 EU cereals harvest and a sufficient supply of oilseed meals globally. This compensated the still decreasing pigmeat quotations somewhat, while pigmeat production continued to increase by close to 4 percent in 2015. For cattle feed, the picture is varied across Europe, depending on weather conditions for forages production. The lifting of quotas, with a +2 percent milk delivery in 2015 vs 2014, only really showed a visible effect in Ireland and the Netherlands. Poultry feed production kept growing, boosted by an increase per capita in meat consumption (+2.7%), which primarily benefited poultry meat (+4%). Thus, poultry feed is the leading segment of EU compound feed production, now well ahead of pig feed. Of the largest EU producing countries, Poland and Spain have been the only good performers, with annual growth close to 4 percent. Germany recorded a significant decrease (-2.9%) after 5 consecutive years of growth; the UK dropped more than 4 percent, especially because of bad results in poultry feed. France, Italy and the Netherlands saw limited changes. Germany and Spain are equal leaders in the EU for total compound feed production, well ahead of France. FEFAC market experts are relatively pessimistic concerning 2016. They think poultry feed demand will still rise, though at a slower pace than in 2015 (+0.5%), and pig feed demand will fall (-1.5%), in line with forecasts on EU pigmeat production. Overall, this would lead to a 0.7 percent decrease in compound feed production in 2016 vs 2015. Quality concerns about the EU cereals harvest 2016 due to bad weather conditions in several EU states may result in higher supply of feed wheat. However, prudence will be required as regards the sanitary quality. Concerning proteins, after the low South American soya harvest 2016 combined with a higher global demand for soybean meal, attention is on the US soya harvest forecast, which is currently quite good.

8 | July 2016 - Milling and Grain

All of us on Milling and Grain would like to take this opportunity to extend our deepest sympathies to Turkey following the horrific terror attacks of June 28, 2016. In this, our Turkish edition for 2016, we would rather have opened by recalling the positive future and all the great success Turkey sees with regards to its milling industry, as a huge number of companies are linked with the flour and feed milling industries either based here or have major operations on Turkish soil, but sadly, instead, we find ourselves mourning with a country who have experienced 17 similar attacks in just over the past year alone. Turkish officials have reported that so far, among the 41 dead are 23 Turks, two Iraqis, an Iranian, five Saudis, a Chinese national, a Tunisian, an Uzbek, a Jordanian and a Ukrainian. The attacks, which were instigated in the international departure area in Istanbul’s main Ataturk airport, are demonstrative of the fact that this is not just an attack on Turkey, but an attack on the freedoms of citizens from across the globe. Beyond the tragic human loss, which is indeed immeasurable, there is something else at stake here, and that is the will of others, to infringe on the civil liberties of people around the world. We are hearing reports of the Turkish people’s resilience to this, and this stoicism in the face of such adversity is recognised by us and our readers. Many of our esteemed colleagues and friends live and work in Turkey and we extend our sincere condolences and warmest regards to them at this time. Just as we were ‘Je suis Paris’ we are now also ‘Ben Türküm’. Deepest condolences All at Milling and Grain

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JUL 2016 - Milling and Grain magazine  
JUL 2016 - Milling and Grain magazine