COVID-19 bolsters demand at DSM animal nutrition

26 May 20202 min reading
The fact that the coronavirus epidemic deeply affected the logistics chains caused the feed manufacturers who wanted to keep their stocks strong, scaling up their purchases. DSM announced that its animal nutrition business achieved a 12% increase in sales in the first quarter of the year.

The animal nutrition business of DSM, which operates in the fields of nutrition, health and sustainable living, has achieved remarkable success amid the demand and supply shocks triggered by the global COVID-19 pandemic. According to the firm's report, the animal nutrition business grew by 12% on the basis of all regions and species in the first quarter of the year. The report also mentioned that the global COVID-19 pandemic was effective in the current situation. Accordingly, feed manufacturers, who wanted to strengthen their stocks due to logistical problems experienced and likely to continue, made ingredients purchases on a larger scale. This led to the fact that the companies prepared for such crises came out better off in this process. Commenting on the report, Geraldine Matchett and Dimitri de Vreeze, Co-CEOs said: “While these are uncertain times, we are taking all necessary actions to address recent challenges in end markets. We remain well-positioned to manage near-term developments with a growing nutrition business and a strong financial position.” The report also mentioned that the effects of the African Swine Fever (ASF), which tyrannized the Asian sector last year, were also significantly reduced, and only a few cases were detected in the first quarter of the year throughout China and Southeast Asia.

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