Poultry Feed Prices Flat Despite Dearer Inputs25 February 2013
INDIA - Poultry feed prices continued to rule flat despite an uptrend in prices of its key ingredients.
Good overseas demand and hopes of some orders in the coming days pushed soyameal prices up. Due to slow shipments from Brazil, some soyameal buyers may turn to India to meet their requirement, said Aditya Mishra, a trade expert.
According to The Hindu Business Line, traders expect that feed prices may not increase and see the current price rise as temporary.
Ingredients prices may not sustain on current levels for long as demand will be limited and for a short-term, said market sources.
After ruling flat for almost one week, soyameal witnessed a rally and went up by Rs 1,270 to Rs 29,270 a tonne.
Similarly, prices of a few other ingredients too went up on good buying support.
Bajra prices increased by Rs 60 and sold at Rs 1,430 a quintal, Maize sold at Rs 1,560 a quintal.
Rice bran oil was at Rs 55 a kg. Prices of mustard de-oiled cake improved by Rs 10 and sold at Rs 1,440 a quintal while meat and bone meal went for Rs 32.50 a kg, 50 paisa up.
Broiler concentrate quoted at Rs 1,780 for a 50-kg bag, while Broiler Starter Mash was at Rs 1,420.
"Layer concentrate 25 per cent" sold at Rs 1,385 for a 50-kg bag, while layer concentrate 35 per cent quoted at Rs 1,070 for a 50-kg bag.
Pre-lay mash quoted at Rs 990 for a 50-kg bag and while broiler finisher went for Rs 1,400 for a 50-kg bag.
Meanwhile, an increase in demand pushed egg prices further up while broiler went down on reduced off-take.On the other hand, chick continued to rule firm on steady demand on Saturday.
Egg went up by 15 paisa to Rs 3.77.
Broiler went down by Rs 18 and quoted at Rs 98-102 a kg, while chick sold at Rs 33, unchanged.
According to market sources, reduced off-take on Friday (22 February) mainly pulled broiler down.
It may regain its previous levels in the next few days, said sources.ThePoultrySite News Desk