Cattle, pig and poultry are slaughtered in South Korea to contain its worst foot-and-mouth disease outbreak and combat avian flu. Feed grain imports will be down by at least 1.3 million tonnes this year, a Korea Feed Association (KFA) official said.
Weakening feed demand along with record high grain prices are likely to subdue buying activities of South Korean feed makers for a while unless the livestock outbreaks wane or global prices drop sharply, Kim Chi-young, director at the KFA's purchasing division, told Reuters.
As part of efforts to curb inflation and ensure supplies, South Korea, the world's fourth largest grain importer, is looking to build a strategic grain reserve and plans to buy cargoes of corn and other grains, joining similar efforts by more Asian nations worried about high food prices and social unrest. Read more ...
This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.
Weakening feed demand along with record high grain prices are likely to subdue buying activities of South Korean feed makers for a while unless the livestock outbreaks wane or global prices drop sharply, Kim Chi-young, director at the KFA's purchasing division, told Reuters.
As part of efforts to curb inflation and ensure supplies, South Korea, the world's fourth largest grain importer, is looking to build a strategic grain reserve and plans to buy cargoes of corn and other grains, joining similar efforts by more Asian nations worried about high food prices and social unrest. Read more ...
This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.
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