Despite the world financial crisis, domestic production showed impressive growth rates. According to our data, production of all types of feed in 2009 grew by 14% in volume terms and 17% in monetary terms. All in all, 5.86 mil. tons of feed were produced in 2009, which amounted to 7.98 billion UAH. The 2009 production increase was caused by an increase in consumption, i.e. domestic livestock headcount, which was in turn caused by a drop in price of the fodder.
In 2010, production growth rates dropped once again, during the 1H of 2010, growth rate amounted to only 6%. In the beginning of the 2H of 2010, grain prices rose again, and although market participants state that other raw material’s prices (e.g. amino acids, feed ferments) stayed the same, the rise in grain prices was sufficient to cut down production and consumption.
Detailed review of Ukrainian feed market is presented in the latest research "Ukrainian Feed Market Analysis" by Agency of Industrial News.
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