Global feed industry voices alarm at rising f...

Global feed industry voices alarm at rising feed costs

The International Feed Industry Federation (IFIF) has voiced an urgent concern that the rise in feed and food costs will continue unabated for the foreseeable future in large part due to the diversion of feed and food grains and oilseeds into biofuels, resulting in critical pressure on feed manufacturers worldwide and higher prices for consumers.

The dramatic drought in the US had highlighted once again the rising prices of feed and food and it was clear that the production of biofuels was in direct competition with food supplies by using land and water that would otherwise be used to grow crops for human or animal consumption, said Alexandra de Athayde, IFIF Executive Director. Mrs. de Athayde added, that if no virgin food or feed crops had been used to produce fuel, they believed prices would come down again. Current policies aimed at subsidising the production of grains and oilseeds based biofuels harmed the consumer and threatened the sustainability of the feed and food chain globally.

The global challenge we face is to feed 9 billion people by 2050 and to do so sustainably IFIF calls upon governments to reconsider subsidizing grains based biofuels in order to ensure all of the feed and food production can be used for human and animal consumption so that current and future demands of 60% more food by 2050 can be met.
Source: IFIF