Higher wheat prices as a result of shortages in Russia could benefit the UK's animal feed producers.
According to the latest British Retail Consortium/Nielsen shop price index, annual food inflation reached 3.8 per cent in August, driven largely by wheat prices that have risen by 60 per cent in the past year.
This development is not only impacting food markets, but also animal feed, which has risen dramatically in cost.
Increased animal feed costs could be good news for UK suppliers, who will likely see their profits rise as a result of the global wheat shortage.
This could subsequently give them the financial impetus required to expand their operations and purchase more belt conveyors for bulk grain handling.
Meanwhile, the Independent has reported that meat could be incorporated into animal feed for the first time in 20 years.
The practice was banned after 20 years to prevent the spread of BSE among livestock, however the EU believes that regulations can be relaxed safely, based on solid scientific research.
