Archive for May 26th, 2021

Russian companies are becoming increasingly reluctant about investing in new feed production capacities due to unprecedented volatility in the domestic grain market and uncertain payback prospects.

The Russian feed industry grew with a 6.7% CAGR between 2007 and 2017, the Russian state statistical service Rosstat estimated. To some extent, this growth has been fueled by the 2014 food embargo and the government-run import-replacement campaign on the domestic food market, which gave the Russian livestock industry a powerful impetus to expand production ...

BEIJING, CHINA — China will be almost entirely self-sufficient in staple grains such as rice and wheat by 2025, according to the China Agricultural Sector Development Report released on May 25.

The report, jointly released by the Chinese Academy of Agricultural Sciences and International Food Policy Research Institute, forecasts the country’s total grain production at 692 million tonnes by that year.

China’s overall grain output in 2020 was 669 million tonnes, the report said.

“The grain production will keep increasing and China’s food ...