Higher oats prices may be key to steady and reliable supply
04.22.2021By Jay Sjerven
WASHINGTON, DC, US — The outlook for the oat industry is outstanding with the spectacular expansion in demand for oat milk and other oat beverages a “real game changer,” Randy Strychar, president, Ag Commodity Research, Vancouver, British Columbia, Canada, told millers attending the virtual Spring Conference of the North American Millers’ Association on April 20. But to meet the expanding demand for oat products, a steady and reliable supply must be assured, which, Strychar said, requires that oats be treated more as a special, even boutique, commodity and not primarily as a feed grain.
Strychar suggested oat milk, which has seen explosive demand, especially in the last 12 months, was expected to see 15% year-over-year growth through 2027. As a cow’s milk substitute, it was closing in on almond milk and may rival soy milk. Strychar pointed out this was a global trend and not at all confined to the North American market.
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