As a critical forage crop segment, alfalfa hay market had a decent and largely stable 2015 and first half of 2016 have seen fluctuating prices owing to influences including but not limited to international lucerne demand variations, quality and more. With its versatility, alfalfa plant is not used limitedly as a high quality feed for horses and livestock; it is also a soil improver while being a stable fit for human consumption in different form(s). Higher-quality alfalfa hay offers comparatively higher protein, energy, vitamins, and minerals, which makes pricing the sensitive point when it comes to sales of alfalfa hay market.
A 2016 acreage report says alfalfa hay market acres may reduce this year due to failed seedlings and low alfalfa prices. As an application in feeding horses, alfalfa hay is already facing tough competition from grass hay as both have their benefits and disadvantages when it comes to providing energy v/s making a horse feel ‘full’. The usage also extends to rabbit diets as a fibre source. Regionally and specifically in United States, with overall agricultural trade showing simply steady, and at times deficit numbers, the alfalfa hay market is seeing increased exports to UAE, Saudi Arabia, Taiwan and China. The exports are also supported by a price drop in alfalfa hay market when compared to similar period last year.
Inspite of challenges, a section of alfalfa hay market is seeing higher prices for the higher-quality hay because alfalfa hay research has suggested that, where applicable, “strategy of reducing alfalfa hay feeding rates may only work if your farm is located in an area where nonforage fiber sources are readily available”. Internally, as there is no single ‘perfect’ food for different livestock, alfalfa hay market is also seeing competition from timothy hay, which again offers high quality nutrition. With benefits of easy digestion, enhanced nutrition and economic (from the angle that ‘less’ alfalfa hay is enough or required from a nutritional perspective as compared to others), there is an edge to alfalfa hay market that is keeping the demand and hence prices of higher-quality hay up.
As an $8 billion annual industry, overall alfalfa market has attracted a lot of attention in terms of its commerce-ability as well as for R&D purposes. In the last few years, alfalfa has attracted research on its genetics from sequencing perspective and very recently there have been advancements declared that may help push the alfalfa hay as well as overall industry move forward positively. Such research efforts by institutions, universities, organizations and businesses can help enable alfalfa hay market stakeholders look at resources that help reduce prices and extend the geographic reach of growing alfalfa.
eMarketOrg.com offers Global Alfalfa Hay Sales 2015 Market Research Report that analyzes market size, import and export, sale segment market by product type and application. The major Alfalfa Hay market regions including USA, Europe, China, Japan, etc. are analyzed. The report focuses on global major leading companies like Anderson Hay & Grain, Border Valley, Hay USA, Bailey Farms, Hayday Farm, Barr-Ag, Standlee, Legal Alfalfa Products, M&C Hay, Accomazzo Company, Multi Feeds, Huishan, Qiushi, Tianyuan Muge, Gansu Daye and Ningxia Nongkenmaosheng providing information such as company profiles, sales, sales revenue, market share and contact information. Read more at http://emarketorg.com/pro/global-alfalfa-hay-sales-2015-market-research-report/ .