Indian Poultry Feed May Rule Flat30 September 2013
INDIA - Poultry feed prices are likely to rule flat in the near term following steady input costs, according to trade experts.
A marginal fluctuation in input prices kept poultry feed prices unchanged on Saturday.
Commodity expert Aditya Mishra told The Hindu Business Line that key ingredients have been ruling steady with marginal fluctuation and it has not made any major impact on the cost of production.
Demand for feed products is also steady and the market may continue to rule around current levels for the next few days, he said.
In the physical market, soya meal ruled flat at Rs 32,700 a tonne.
Bajra, too, ruled flat at Rs 1,280-1,320 a quintal, but it may improve in the coming days if the Government begins procurement, said Mishra.
Di-calcium phosphate sold at Rs 34.70 a kg, MBM moved up by 40 paisa to Rs 33 a kg, while maize moved up by Rs 10 to Rs 1,480-1,520 a quintal.
DRB dropped by Rs 200 to Rs 10,800 a quintal, while rice bran oil continued to rule flat and was at Rs 59 a kg. Mustard de-oiled cake improved by Rs 200 to Rs 14,300 a tonne.
After witnessing a fall earlier this week, feed prices remained unchanged on Saturday. Broiler concentrate quoted at Rs 1,960 for a 50-kg bag, while broiler starter mash sold at Rs 1,500 for a 50 kg bag. Pre-lay mash sold at Rs 1,025 for a 50-kg bag. Layer concentrate 25 per cent sold at Rs 1,465 for a 50-kg bag.
Eggs improved marginally on buying, while chick and broiler dropped further on reduced off-take on Saturday.ThePoultrySite News Desk