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Source: https://financialpost.com/pmn/busin...ore-pain-as-power-crunch-drives-up-feed-costs
China's farmers face more pain as power crunch drives up feed costs
Author of the article:
Reuters
Hallie Gu and Dominique Patton
Publishing date:
Sep 30, 2021 • 6 hours ago • 2 minute read •
BEIJING — China’s huge livestock sector is facing a hike in feed costs, just as they grapple with crippling farming losses, said analysts and industry participants, after the country’s worst power outages in years hit production of key ingredients.
Crushers turn soybeans into soymeal, a critical protein in feed for pigs, chickens and fish.
At least half of the soybean crushing plants in northern and northeastern China have been closed since last week and will remain shut until at least after the National Day holiday, a plant manager and a feed purchase manager told Reuters, asking to be not identified as they were not authorized to speak to the media...
China's farmers face more pain as power crunch drives up feed costs
Author of the article:
Reuters
Hallie Gu and Dominique Patton
Publishing date:
Sep 30, 2021 • 6 hours ago • 2 minute read •
BEIJING — China’s huge livestock sector is facing a hike in feed costs, just as they grapple with crippling farming losses, said analysts and industry participants, after the country’s worst power outages in years hit production of key ingredients.
Crushers turn soybeans into soymeal, a critical protein in feed for pigs, chickens and fish.
At least half of the soybean crushing plants in northern and northeastern China have been closed since last week and will remain shut until at least after the National Day holiday, a plant manager and a feed purchase manager told Reuters, asking to be not identified as they were not authorized to speak to the media...