In 2023, the Excess Feed Cost for pork in Japan was positioned below the 2024 forecast of 163.2 million euros. The projected annual growth over the next five years indicates a gradual increase, with values reaching 165.97 million euros by 2028. Year-on-year growth rates from 2024 through 2028 show a steady but modest increment, depicting a stable upward trend in excess feed costs, averaging a compound annual growth rate (CAGR) within the given period.
Future trends to watch for:
- Impact of agricultural policy reforms on feed costs.
- Volatility in global grain markets affecting feed prices.
- Technological advancements in feed efficiency and its adoption.
- Environmental factors impacting feed production and supply chain disruptions.
