News last update:6 Aug 2012

Irish feed industry hit by ethanol boom

The booming ethanol industry in the United States negatively affect the raw material supply for the 850m a year Irish animal feed market.

Ireland imports over one million tons of soy meal and 160,000 tons of corn which is used as the raw material in the production of animal feed in Ireland. As a result of the biofuel industry, less corn is now available for export, causing a shortage of supply and doubling the price of corn in the last year. In addition, the rising energy costs and weather affecting the harvest and has brought about a growth of between 15% and 20% in the price of Irish animal feed.

For raw materials Ireland is very dependent on the US. According to Deirdre Webb director of the Irish Grain and Feed Association, governements have not been thinking enough about the impact the biofuel industry will have on our food market.

Related folder:
Dossier AllAbout Bio Energy

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