Soybean Meal Holds Key to Dip in Poultry Feed16 May 2013
INDIA - If soyameal drops from the current levels, concentrate feed products may fall further, according to trade experts.
The Hindu Business Line reports that lower input cost pulled concentrate feed products down by Rs 20 for a 50-kg bag on Wednesday.
Continuous falls in cost of production dragged concentrate feed prices, said Aditya Mishra, a commodity expert. The situation was anticipated in the market and it may rule around current levels before falling further in coming days, he said.
After witnessing some recovery last weekend, soyameal remained unchanged and sold at Rs 36,140 a tonne.
Bajra dropped by Rs 15 to Rs 1,470 a quintal, DCP was at 35 a kg, after witnessing a continuous fall, MBM improved by Rs 2 and quoted at Rs 40 a kg while maize dropped by Rs 30 and quoted at Rs 1,320 a quintal.
Mustard de-oiled cake went up by Rs 100 and sold at Rs 14,700 a tonne, DRB sold at Rs 9,000 a tonne while rice bran oil ruled at 49 a kg, Rs 2 down from previous levels.
After ruling flat for more than a month, concentrate feed products moved down, while after witnessing a fall last weekend, layer feed products managed to maintain their previous levels.
Prices of all concentrate feed products dropped by Rs 20 for a 50-kg bag. Layer concentrate 25 per cent was sold at Rs 1,445 while layer concentrate 35 per cent went for Rs 1,130. Broiler concentrate quoted at Rs 1,980 while Broiler Starter Mash was at Rs 1,500. Pre-lay mash sold at Rs 1,020, while layer grower mash quoted at Rs 960.
Meanwhile, a mixed trend was seen in poultry products. Broiler improved on buying interest while egg dropped down on reduced offtake on Wednesday.
Egg went down by 15 paise and sold at Rs 2.20. Broiler improved by Rs 15 and quoted at Rs 82-83 a kg, while chick went for Rs 16-18, remained unchanged.ThePoultrySite News Desk