Global feed costs at risk as geopolitical tensions grow

When Nan-Dirk Mulder, senior global specialist Animal Protein at Rabobank, took to the stage at the WEO Business Conference in Warsaw last month, global feed markets were in reasonably good shape. Grain stocks were healthy, and prices relatively stable. But as his talk unfolded, it became clear that forces currently in motion could have a major impact on feed costs in the years ahead. These are the signals producers should be watching for. The Strait of Hormuz and the fertiliser chain