Artificial scarcity created by traders and stock holders in the domestic market is the prime reason behind the recovery in soyameal prices, said Mr Subhash Sharma, Financial Head, Sarvottam Poultry Feed Supply Centre Pvt Ltd.

Prices of feed products have been slashed because of the continuous fall in the prices of maize and bajra, he said. There is too much volatility in the soyameal market and this is the prime reason behind the nominal decline in the prices of feed, said market sources.

Demand of poultry feed products in domestic market and from other States is good and prices may rule around current levels for next 10-15 days, said Mr Sharma.

The Hindu Business Line reports that after witnessing a fall last week, soyameal prices increased by Rs 300 and quoted at Rs 3,300 a quintal. On the other hand, other key ingredients of poultry feed products continued to witness a downtrend. Maize prices dropped further by Rs 80 and quoted at Rs 1,170 a quintal. Bajra eased by Rs 30 and settled at Rs 1,080 a quintal.

Fish oil witnessed some correction, after witnessing an uptrend last week, and went down by Rs 2 and quoted at Rs 68 a litre, while DCP continued to rule flat and was at Rs 37-38 a kg.

Prices of Broiler concentrates feed and Broiler Starter Mash went down by Rs 20 each and quoted at Rs 1,580 and Rs 1,260 for a 50-kg bag, respectively.

Broiler Pre-Starter Concentrate 30 per cent decreased by Rs 10 and sold at Rs 1,390 for a 30-kg bag, while layer concentrate remained unchanged and quoted at Rs 1,210 for a 50-kg bag.

Prices of Pre-lay mash eased by Rs 15 and quoted at Rs 815, while Broiler finisher sold at Rs 1,240 for a 50-kg bag, down Rs 20 from previous levels.