World meat industry news

All news / Aquafeeds have become a driver of growth in livestock feed production

  • 30 Nov 2023, 10:40

Lyubov Savkina, General Director of the analytical agency in the field of marketing analysis of the feed and feed additives market FEEDLOT, stated this during the webinar “Analysis of the feed market for the period 2023 and prospects for 2024”. She also clarified that some imported feed components will be replaced by 100%.Aquafeeds have become a driver of growth in livestock feed production

“We see a general increase in the production of fish feed, which has become a driver of growth in the production of feed for farm animals, although in volume this is, of course, less than feed for poultry and pigs,” the speaker clarified.

She also noted that the Russian feed industry is moving away from import dependence on feed, but does not move away from import dependence on raw materials, which affects the final price of the product. “We depend on global trends. At the moment, the raw materials for production are imported,” stated Lyubov Savkina.

Nevertheless, according to her, more domestic feed formulations and technologies have begun to be developed in Russia. Science and production workers are uniting, many tests of feed recipes are being carried out. In addition, there has been some success in the production of a number of domestic components for raw materials, for example, lysine, which is produced by Belarus under a contract for the Russian Federation.

“In Russia, DonBioTech is going to produce lysine. We will also replace some components, probably even 100%,” the expert added.

Speaking about the production of fish feed, Lyubov Savkina said that many new projects are being implemented in the Russian Federation, old workshops are being modernized, and in 2024, the import substitution strategy is expected to lead to a reduction in import volumes of less than 50%, whereas now it reaches almost 70%.

“The aquafeed market has changed and adapted. According to official statistics, Rosstat for 9 months of 2023, the increase was 40%, that is, we began to produce our own high-quality feed 40% more than in the same period last year. The production volume is about 44 thousand tons,” the speaker summed up.