Feed demand growth slows down due to world economic downturn
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Last Update: 2001-11-22
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Source: Internet
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Author: User
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Introduction: Oil world news: due to the slowdown of economic growth in North America, Europe and some Asian, Central European and Latin American countries in 2001, especially the economic downturn in the United States, Mexico, Germany, South Korea, Malaysia, Thailand and Australia, as well as the economic recession in Japan, Singapore and Hong Kong, the world food industry, mainly meat, will be greatly impacted It is predicted that in October / December 2001, the consumption of the eight main oil meals in the world will only increase by 3.7%, while the growth rate in 2000 / 01 is 4.5% However, with the economic recovery of the above-mentioned countries in January / September next year, the demand for eight kinds of oil meal will resume growth, which will increase the consumption growth rate to 4.2% in 2001 / 02.
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