Livestock sector faces €1.5bn hit from rising soya prices

Two factors have now disrupted the global soya market, and their outcome will determine how much farmers pay for feedstuffs this winter

The European Feed Manufacturers' Federation, has warned more expensive soya may cost the EU livestock sector up to €1.5bn annually.

Soya prices surged in the EU in late October, to €393 from €330-345/t, a 9%-14% gain in a week.

FEFAC, the European Feed Manufacturers' Federation, has warned more expensive soya may cost the EU livestock sector up to €1.5bn annually.