Feed manufacturers warn of possible disruptions in the supply of soybeans to the EU

The European Feed Manufacturers' Federation (FEFAC) has warned of potential disruptions in the supply of soybeans to the EU and rising costs for the industry due to legal uncertainty related to the European Commission's proposal for the EU Deforestation Regulation (EUDR), reports Feedlot. As clarified, FEFAC sent a letter to the Danish Presidency of the EU Council of Agriculture, outlining an urgent warning about the risks to the supply chain of key soybeans caused by the proposed "targeted simplified" version of the EUDR. The letter includes a graph showing changes in soybean meal prices over recent months, illustrating the market's reaction on September 23 (after the announcement of the "immediate" postponement of the EUDR) and October 20 (the date of publication of the current commission proposal), as well as an updated FEFAC assessment of the economic impact of the EU and meal. "European compound feed producers are once again facing a 'frozen' soybean market. Suppliers have ...