How has the poultry industry evolved in Asia over the last 10 years?
I think it has come from being mere small producers to a consolidated type of production. In other words, the global poultry industry has developed in this format. You have a situation where many people think that there’s money to be made in poultry so they say, we’ll go poultry farming. They start going into that and they find that their margins are very narrow. This means that they have to increase their number of units. However, because you have the volume, you have a larger profit share. This means that if you’re going to be big, you have to consolidate. So the small companies don’t survive. And this has been the trend across Asia and even globally. In some countries it’s slower, in other countries, it’s faster. What about in terms of technology? I think over the last 10 years technology has been geared towards genetic improvements. This has been phenomenal. If you’ll look at the growth rate, if you look at the Feeds Conversion Rate(FCR), it has just come down. However, the industr
