Rising feed costs could collapse Russia's livestock industry

Up-to the middle of 2011 feed mills were using stocks of cheap feed yielded in 2009, but as predicted by experts the cost of grain has increased and by October the price difference could reach 50 percent compared to last years prices. Official statistics show that prices have risen for feed from last year by 22-30 percent, this year grain prices had increased by 50-75 percent. These price increases have a direct effect in raising production costs. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers.