Economic analysis of the animal feed sector 2023

Animal protein markets continue to struggle with the high costs of
feeding and low margins. Our sales and purchase volumes in
the first quarter were lower than expected.
Also, the price decline continued faster than expected, reflecting
weak demand and anticipating new capabilities coming to market in
midyear. In general, the price decline was even faster than
the decrease in the prices of raw materials.
In the short term, we think it makes sense to expect slightly higher volumes.
in purchases and sales of the animal feed sector but also, a
further decline in prices.
We expect the lowest volumes to be those of the first quarter, improve
in the second quarter and then hold steady thereafter. As soon as
to prices, we anticipate a decrease in the first and second quarters, but
should stabilize during the third quarter.
With this scenario and the forecast for the rest of the year, it is essential
optimize the operation of the company, reduce costs both fixed and
variables, emphasizing, in our case, the management of supply chains.
supplies and in strengthening alliances with both suppliers and customers.
Meanwhile, beyond cost optimization, Nutyser sees a way to
improve market position through increased efficiency, through
smart, low-cost initiatives.

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