Alberta Pork is warning its producers that feed costs could stay high throughout the year because the invasion of Ukraine by Russia has not only halted the country’s grain exports but disrupted trade patterns.
“China’s need to fill the grain market void left by Ukraine is expected to push prices higher,” the organization said in a briefing note posted on its website on Feb. 24.
It also cited a report from an analyst with Global AgriTrends who said interruptions in shipping through the Black Sea could see global grain prices rise by 20 to 40 per cent.
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“This, compounded by the dry conditions hampering South American crops, could sound alarm bells for feed markets,” the Alberta Pork article concluded.
