Indian Animal Feed October 2008
The livestock industry in India has been witnessing significant growth. The Compound Livestock Feed Manufacturers Association (CLFMA) of India estimates that India will produce 180 million tonnes of milk, 108 billion eggs and 11 million tonnes of meat per annum by 2020 from the current level of 100 million tonnes of milk, 47 billion eggs and 5 million tonnes of meat. These numbers demonstrate the increasingly important role that the animal feed industry will play in the future. Currently, livestock industry players (consumers of compound feed) are having a difficult time due to the rising costs of animal feed. Rising corn and soybean prices in particular, are adversely impacting the livestock industry. In addition to issues such as productivity and disease, the livestock industry is facing price volatility and low availability of feed.
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