Poultry Feed May Rule Flat in Near-term12 December 2013
INDIA - Poultry feed prices are likely to rule flat in the near-term as input costs rule steady, according to trade experts.
A marginal fluctuation in input prices kept poultry-feed prices unchanged on Wednesday.
Aditya Mishra, a commodity expert, told The Hindu Business Line that most of the key ingredients have been ruling steady with marginal fluctuations, which have made no major impact on input costs.
After witnessing a fall in soyameal in the last few days, traders were expecting feed prices to drop marginally but following a price rise in soyameal on Wednesday, feed may continue to rule stable, he said.
In the physical market, soyameal improved by Rs 500 to Rs 34,700 a tonne, while bajra was unchanged at Rs 13,000 a quintal. Di-calcium phosphate eased by Re 1 and sold at Rs 33.70 a kg, MBM improved by 20 paise and sold at Rs 31.70 a kg while maize was at Rs 1,490-1,500 a quintal. Rice bran oil ruled at Rs 66 a kg, DRB eased by Rs 100 and sold at Rs 7,300, while Mustard de-oiled cake was at Rs 15,000 a tonne.
Broiler concentrate quoted at Rs 2,010 for a 50-kg bag, while broiler starter mash sold at Rs 1,550. Pre-lay mash sold at Rs 1,040. Layer concentrate 25 per cent was at Rs 1,480, while layer concentrate 35 per cent sold at Rs 1,165.
Meanwhile, a positive trend was witnessed in poultry products market on account of increased offtake on Wednesday. Broiler was ruling firm at Rs 76-78 a kg, egg improved by 12 paise and was at Rs 3.92, while chick went for Rs 25, Re 1 up.ThePoultrySite News Desk