In the first quarter, China's total industrial feed production was 68.96 million tons, down 3.4% year-on-year

In the first quarter of 2024, China's total industrial feed output was 68.96 million tons, down 3.4% year-on-year. The ex-factory prices of the main compound feed, concentrated feed and additive premixed feed products were mainly reduced year-on-year. Among them, the output of compound feed was 63.93 million tons, down 3.5% year-on-year; Concentrated feed was 3.07 million tons, down 7.1% year-on-year; The output of additive premixed feed was 1.59 million tons, up 1.7% year-on-year.

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In the first quarter, the average price of compound feed for fattening pigs was 3.5 yuan /kg, down 7.8% year-on-year; The average price of compound feed for laying hens (peak season) was 3.25 yuan /kg, down 8.4% year-on-year; The average price of compound feed for broilers was 3.67 yuan /kg, down 8.2% year on year. The price of carp compound feed was 5.43 yuan /kg, an increase of 0.8%. In the first quarter, the average price of concentrated feed for finishing pigs was 5.32 yuan /kg, down 7.7% year on year; The average price of concentrated feed for laying hens (peak season) was 3.75 yuan /kg, down 8.9% year on year; The average price of concentrated feed for broilers was 4.45 yuan /kg, down 2.4% year-on-year. In the first quarter, the price of pig additive premixed feed (4%) was 4.77 yuan /kg, down 2.4% year-on-year; The price of additive premix (5%) in the peak period of laying hens was 4.64 yuan /kg, an increase of 0.3%; The price of additive premixed feed (5%) for broilers was 5.23 yuan /kg, down 4.4% year-on-year.

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In the first quarter, the proportion of corn consumption in compound feed produced by feed enterprises was 37.7%, down 0.9 percentage points year-on-year; The soybean meal consumption in compound feed and concentrated feed accounted for 13.2%, which was unchanged year-on-year.

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In March 2024, China's industrial feed production was 24.6 million tons, an increase of 24.0% from the previous month and a decrease of 3.2% year-on-year. The main compound feed, concentrated feed, additive premixed feed product ex-factory prices were mainly reduced compared with the previous year. Among them, the output of compound feed was 22.76 million tons, an increase of 22% compared with the previous year and a decrease of 3.5%. Concentrated feed output was 1.15 million tons, an increase of 55.5% compared with last year and a decrease of 0.2%. Additive premixed feed production of 560,000 tons, an increase of 56.6%, down 1.7%.

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In March, the price of compound feed for finishing pigs was 3.46 yuan /kg, down 1.1% from the previous month and 7.8% from the same period last year. The price of compound feed for laying hens (peak season) was 3.2 yuan /kg, down 1.1% from the previous quarter and 8.5% from the previous year. The price of broiler compound feed was 3.64 yuan /kg, down 0.7% from the previous quarter and 7.6% from the previous year. The price of carp compound feed was 5.34 yuan /kg, down 2.5% from the previous quarter and 0.6% from the same period last year.

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In March, the price of concentrated feed for fattening pigs was 5.26 yuan /kg, down 0.8% month-on-month and 6.9% year-on-year; In the peak period, the concentrated feed price of laying hens was 3.71 yuan /kg, down 0.6% from the previous quarter and 8.0% from the previous year. The price of concentrated feed for broilers was 4.4 yuan /kg, down 0.8% quarter-on-quarter and down 7.0% year-on-year.

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In March, the price of pig additive premixed feed (4%) was 4.76 yuan /kg, down 0.2% month on month, down 2.1% year on year; In the peak period, the price of additive premixed feed (5%) for laying hens was 4.63 yuan /kg, an increase of 0.2% compared with the previous year, and a decrease of 0.2% compared with the previous year. The price of additive premixed feed (5%) for broilers was 5.22 yuan /kg, down 0.1% from the previous month and down 5.2% year-on-year.