According to released by the China Feed Industry Association

According to estimates released by theChina Feed Industry Association, China’s total industrial feed production inMarch 2023 was 25.11 million tonnes, an increase of 10.4% month-on-month(m-o-m) and 5.5% year-on-year (y-o-y).

In March 2023, the ex-factory prices ofcompound feed, concentrate feed, and premix feed generally decreased m-o-m.

Regarding feed formulation, the proportionof corn used in the production of compound feed by feed companies was 38.1%, upby 1.3% y-o-y. The use of soybean meal in compound feed and concentrated feedwas 12.5%, down by 1.6% y-o-y.

In the first quarter of 2023, China’s totalindustrial feed production reached 70.52 million tonnes, up by 3% y-o-y.Specifically, the output of compound feed and premix feed totalled 65.42million tonnes (+3.3% y-o-y) and 1.58 million tonnes (+11.8% y-o-y)respectively. Concentrated feed output was 3.24 million tonnes, down by 7%y-o-y. The ex-factory prices of compound feed, concentrate feed, and premixfeed generally increased y-o-y.