Lower EU feed demand anticipated
FEFAC, in what was our sixth most read story in April, said due to recent foodservice sector and restaurant closures, EU feed demand will be lower in the near future.
Alexander Döring, secretary-general, FEFAC, told us:
“The closure or substantial reduction of the activities of the foodservice sector has also hit the veal and beef sector, as well as aquaculture and lamb production. EU livestock and aquaculture farmers as well as processors have already called on the EU Commission for market crisis management measures such as private storage aid. [Such aid] will also become available for the first time for the EU aquaculture sector through the EU fisheries funds, but FEFAC expects that feed production could be reduced in Q3 and Q4."