China’s 2009 feed output to hit $66B

China’s Ministry of Agriculture projects that the value of the country’s commercial feed output will reach US$66B (¥450B) in 2009, an increase of 5.7% from last year. Volume is expected to rise 2.4% to 140 million tons.
However, as a result of falling sales during the first half of 2009, the rate of volume growth has slowed, dropping 8.4 percentage points lower than 2008.