On May 10, the U.S. government increased the tariff rates on $250 billion of Chinese exports to 25% from 10%. Given the US president, Donald Trump\u2019s unpredictable nature, the chances of trade-tensions further escalating are high. While no industry is insulated from the trade war, the Animal Nutrition\/ Feed industry has not been majorly impacted.\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n\n\n\n
India emerges on top among the countries that could fill the deficit left by the trade war. The subcontinent has always been a tough competitor to China for several feed ingredients used in the Animal Feed\/ Nutrition industry. Various ingredients such as Inorganic and Organic Trace Minerals have always been and continue to be produced in India at cheaper prices as compared to in China. <\/p>\n\n\n\n
The US Government\u2019s recent\ndecision to remove India from the Generalized\nSystem of Preferences will have no impact\non the US Animal Feed Industry as none of the products associated with the\nindustry fall within the GSP\u2019s purview. <\/p>\n\n\n\n
China, which buys approximately two-thirds of globally traded soybeans to help feed its huge livestock herd, has been severely affected by the trade war. The US has been China\u2019s second largest supplier of beans. The country has been exploring multiple avenues to reduce its consumption of feed ingredient soymeal, made from soybeans. China has also been turning to alternative meals and reducing protein levels in feed. <\/p>\n\n\n\n
China\u2019s Feed Industry Association\nrecently approved new standards for feed for pigs and chickens, lowering the\nprotein levels in pig feed by 1.5 percent and those for chickens by one\npercent.<\/p>\n\n\n\n
The country has also been turning\nto Brazil as its primary trading partner for soyabean. <\/p>\n\n\n\n
India\u2019s favorable trade policies,\ncompetitive pricing and quality assurance makes the country the primary\nalternative for the USA to source animal feed ingredients. <\/p>\n\n\n\n
\u00a0 <\/p>\n","protected":false},"excerpt":{"rendered":"
On May 10, the U.S. government increased the tariff rates on $250 billion of Chinese exports to 25% from 10%. Given the US president, Donald Trump\u2019s unpredictable nature, the chances of trade-tensions further escalating are high. While no industry is insulated from the trade war, the Animal Nutrition\/ Feed industry has not been majorly impacted.\u00a0\u00a0\u00a0\u00a0\u00a0 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-83","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/unovetchem.com\/blog\/wp-json\/wp\/v2\/posts\/83","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/unovetchem.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unovetchem.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unovetchem.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/unovetchem.com\/blog\/wp-json\/wp\/v2\/comments?post=83"}],"version-history":[{"count":1,"href":"https:\/\/unovetchem.com\/blog\/wp-json\/wp\/v2\/posts\/83\/revisions"}],"predecessor-version":[{"id":84,"href":"https:\/\/unovetchem.com\/blog\/wp-json\/wp\/v2\/posts\/83\/revisions\/84"}],"wp:attachment":[{"href":"https:\/\/unovetchem.com\/blog\/wp-json\/wp\/v2\/media?parent=83"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unovetchem.com\/blog\/wp-json\/wp\/v2\/categories?post=83"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unovetchem.com\/blog\/wp-json\/wp\/v2\/tags?post=83"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}