Rising animal feed prices give Irish farmers an advantage

Global feed prices are high due to tight supply in major grain-producing countries, and increasing demand for feed

Rising worldwide feed prices offers a chance for Irish farmers to take advantage of their more competitive grass-based systems. Picture: Larry Cummins.

Animal feed was only 2.6% dearer last November than one year previously. But the latest figures from the Central Statistics Office have confirmed that the year-on-year price rise increased to 10.2% by June.

In the case of feedstuff “straights”, the year-on-year price rise has gone from 8.4% last November to 15.6% in June.