The forecast for veal and beef excess feed costs in China shows a consistent upward trend from 2024 to 2028, with values increasing each year from 384.65 million Euros in 2024 to 431.47 million Euros in 2028. In 2023, the actual costs stood at a lower point, signaling a projected increase in costs as outlined in the forecast.
The year-on-year variation from 2024 onwards highlights a steady increase, suggesting persistent upward pressure on feed costs. Over this forecasted period, the compound annual growth rate (CAGR) indicates significant annual elevation, reflecting ongoing market dynamics influencing feed costs.
Future trends to monitor include:
- Impact of global grain prices on feed costs.
- Dynamics in domestic meat consumption and related policy changes.
- Environmental factors affecting feed availability and pricing.
- Technological advancements in feed efficiency.
