We work in a volatile industry that is accustomed to prices spiking, however in 2020 we saw something really unique. In a perfect storm brought on by COVID, everything spiked all at once placing a huge amount of stress on feed industry. Feed additive prices rose very sharply, peaked, and have since been on a far slower downward trajectory. Certain prices have already reached pre-COVID levels, while others are very close. This return is just in time for the expected end-of-year trend which often sees remaining stock sold off at a discount, but if this year has taught us anything it’s that we should expect the unexpected.
by Guy Soreq, Glowlit
