Asian feed millers prepare to use more corn following escalation of Black Sea conflict

AI Summary

Due to escalating tensions in the Black Sea conflict, Asian feed millers, especially in Vietnam, are shifting from feed wheat to corn because of rising wheat prices and increased freight costs. This change reflects how geopolitical conflicts impact commodity usage in agriculture.

Asian feed millers are preparing to use more feed corn instead of feed wheat in their formulations following an escalation of tensions in the Black Sea, which have driven up freight and CFR destination rates. “Feed mills [in Vietnam] will change to use corn instead of wheat…the wheat price is very high right now [and] ...