Decreased grain production in important production centers of these products could lead to an increase in poultry feed prices in the coming months.
The world price of soybean meal set a new record on the first day of the week.
Estimates show that the price of this product has increased by more than thirty percent compared to the same time last year.
Experts believe that Chinese demand has a significant impact on this upward trend.
The impossibility of predicting rainfall at soybean production sites in South America is also one of the factors that have contributed to the increase in current prices.
On the other hand, although some believe that the weather conditions for the production of these products will improve, the policy of some producers to compensate for the losses of the past months will prevent a possible reduction in prices.
Some believe that due to rising feed prices, producers in countries such as Russia and Ukraine will be forced to raise the final prices of their poultry products in the coming weeks. This issue can reduce the purchasing power of consumers and ultimately, reduce the sale of poultry products in these countries.