Feed Prices Likely to Ease on Cheaper Inputs17 May 2012
HARYANA, INDIA - Prices of poultry feed products are likely to turn cheaper in the near future on fall in soyameal, maize and bajra rates. Similarly, bajra prices may drop further in the next fortnight or so as new arrivals are expected to start.
According to The Hindu Business Line, though prices of the key ingredients have started to soften, the industry has not slashed prices of poultry feed products as the old contracts have not been executed yet, said Mr Subhash Sharma, Financial Head, Sarvottam Poultry Feed Supply Centre Pvt Ltd.
On Wednesday, 16 May, soyameal prices decreased by Rs 400 and quoted at around Rs 3,000 a quintal against Rs 3,400 quoted last weekend.
Similarly, arrivals from Bihar have dragged maize prices further down by Rs 150 to Rs 1,200-1250 a quintal. Bajra eased by Rs 40 and settled at Rs 1,110 a quintal.
On the other hand, the price of fish oil improved by Rs 2 and quoted at Rs 70 a litre.
Market sources alleged that traders are creating artificial scarcity of soyameal in the domestic market by claiming that a major part of the meal has been exported to Iran.
Earlier, speculations were rife in the market that soyameal may touch the Rs 4,000-a-quintal mark but after the recent corrections, it seems that it is back on track, said sources.
With the new contracts signed according to current trends, prices of poultry feed products may fall.
On Wednesday, broiler concentrates feed was quoted at Rs 1,600 for a 50-kg bag, broiler starter mash was at Rs 1,280 for a 50-kg bag and broiler finisher was at Rs 1,260 for a 50-kg bag.
“Broiler Pre-Starter Concentrate 30 per cent” was at Rs 1,400 for a 30-kg bag, while layer concentrate was quoted at Rs 1,210 for a 50-kg bag.