In 2023, the excess feed cost for pork in China was lower than the forecasted 3.81 billion Euros in 2024. The subsequent years show a consistent year-on-year increase of approximately 3.15%, with values reaching 4.29 billion Euros by 2028. This steady growth suggests rising input costs, perhaps due to feed price increases or reduced efficiencies.
Future trends to watch include:
- Potential impacts of changes in global grain markets on China's feed costs.
- Technological advancements in feed efficiency which may mitigate these cost increases.
- Policy shifts and their influence on agricultural imports and local feed production.