VOICE OF EDITOR

FEED INDUSTRY DISRUPTIONS

I am glad to introduce the latest publication of Alltech aquaculture “Inside/Out”, a book on Fish skin, gills and gut, launched locally at International conference on Fisheries and Aquaculture 2022.

It is an excellent resource put together to understand fish nutrition, mechanisms involved in feed utilization and role of macro-micro nutrients in-depth. Keeping in view the importance of fish health and welfare, the book shares an insight to the fish immune system and how it response to stressful events. It also covered the contemporary additives and how they can support fish welfare particularly function of skin, gills, and gut. At the year-end review of the agri-industry, we witnessed that the industry has been struggling to sustain the supply of food amid high energy prices, increased input cost and inflation. The situation was already worrisome however, the current restriction on the basic ingredient for animal feed has further exacerbated it.

Poultry eggs and meat are an affordable protein source comparable to other sources. Almost 50% meat demand of the population is fulfilled by poultry. It is feared that the unavailability of feed ingredient will lead to the closure of farms and an ultimate food crisis will arise.

The animal feed and feed ingredient industry has had some severe disruptions including supply chain issues, post-COVID era inflation, heatwaves and increased animal disease outbreaks. An annual survey of feed industry stakeholders identifies that 2023 is unlikely to provide much reprieve from the slew of macro trends the global animal feed industry has grappled with in recent years, except now several new challenges have emerged.  Slowing national economies in top markets point to the likelihood of a global recession. The International Monetary Fund (IMF) stated in its October 2022 World Economic Outlook Report that the global economy will grow 3.2% by the end of the year, but forecasts only a 2.7% expansion in 2023. Russian’s war on Ukraine and high inflation are driving increasing energy, input and living costs, which have stunted recovery, at a time when many markets and industries continue to struggle to stabilize from the pandemic’s aftereffects.

There is a big uncertainty about the volumes that will be traded globally in the months to come, especially regarding grains out of Ukraine and Russia. Indeed, grains could still face large disruptions during the 2022/23 marketing year. These are turbulent and uncertain times — and these conditions will definitely impact the growth and profitability of animal agriculture and feed production. Feed producers have been dealing with supply chain disruptions and high ingredient prices, and will continue to do so into 2023.

This edition shares glimpse of International Conference on Fisheries and Aquaculture 2022. Aqua in depth covers health and welfare in aquaculture and voice of professional debrief about feed industry outlook in 2023.

Happy reading!