Wednesday, July 6, 2022

Huge potential still there

The feed industry is unlikely to double in size over the next 20 years as it did from 1991 to 2012 according to Alltech’s Asia-Pacific director, Matthew Smith. But he told the company’s Alltech Asia Pacific Lecture Tour in Auckland in early March that this presented a big opportunity for New Zealand to feed the growing population in Asia. “The journey is going to be a fast one,” he said.

India’s potential for growth was large and there would be big opportunities “once it gets its act together”.

Smith said in 1991 the global feed industry was estimated at 550 million tonnes, but by 2012 had grown to over 890m tonnes based on figures from Alltech’s 550-strong sales force who regularly visited 26,000 feedmills “and a lot more farmers”.

While it would be difficult to expand the area of crop grown fermentation products could be used so more energy was produced by plants. This could mean a gain of .5 tonne more of grain harvested/ha which he said was significant.

But everywhere he went people wanted to know about dairying.

“We need more milk and that milk will come.”

Alltech products could be used to keep cows’ rumens stable and by controlling the rumen environment one of the areas of biggest impact could be reducing greenhouse gases (GHG).

“We are in a sea of opportunity.”

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