Helmut Wulf, president of the German Animal Feed Association DVT, at its annual meeting expressed a positive view on the developments in the compound feed market. Prices were higher than in 2007.
At a press conference in Bonn stated that production development in 2008 increased from 21.3 to 21.8 million tonnes in 2008, which Wulf expressed as "extremely positive".
Overall, prices were much higher than in the previous year. Cattle feed increased by 21% and pig and poultry feed rose 19%.
Because of high cereal stocks feed prices in the current year are likely to fall, Wulf predicts.
A dramatic decline in volume is to be expected in feed for laying hens. Because of new housing regulations for laying hens, there are twelve million fewer chickens, which do not need to be fed.
The demand for broiler feed, however, is on the rise and this trend is set to continue.