Energy costs have risen substantially for FEFAC members, in some cases up to 20% of total production costs, depending on the market in which the feed company is operating, says the trade group.
Leading European feed manufacturer, ForFarmers, expects raw material and energy prices to remain high, given the worrying political situation between Russia and Ukraine.
ForFarmers chief executive, Yoram Knoop, and member of the company’s executive board is to step down from those roles after the shareholders' AGM next April.
