February 26, 2013
India''s poultry feed prices stays flat despite high input costs
Despite an uptrend in prices of its key ingredients, India''s poultry feed prices continued to rule flat.
Good overseas demand and hopes of some orders in the coming days pushed soymeal prices up. Due to slow shipments from Brazil, some soymeal 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, soymeal witnessed a rally and went up by INR1,270 (US$23.46) to INR29,270 (US$541) a tonne. Similarly, prices of a few other ingredients too went up on good buying support.
Bajra prices increased by INR60 (US$1.11) and sold at INR1,430 (US$26.42) a quintal. Corn sold at INR1,560 (US$29) a quintal. Rice bran oil was at INR55 (US$1.02) a kilogramme. Prices of mustard de-oiled cake improved by INR10 (US$0.18) and sold at INR1,440 (US$27) a quintal while meat and bone meal went for INR32.50 (US$0.60) a kilogramme, INR0.50 (US$0.01) up.
Broiler concentrate quoted at INR1,780 (US$33) for a 50-kilogramme bag, while Broiler Starter Mash was at INR1,420 (US$26).
''Layer concentrate 25%'' sold at INR1,385 (US$25.6) for a 50-kilogramme bag, while ''layer concentrate 35%'' quoted at INR1,070 (US$20) for a 50-kilogramme bag. Pre-lay mash quoted at INR990 (US$18) for a 50-kilogramme bag and while broiler finisher went for INR1,400 (US$26) for a 50-kilogramme 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. Egg went up by INR0.15 (US$0.003) to INR3.77 (US$0.07). Broiler went down by INR18 (US$0.33) and quoted at INR98-102 (US$1.81-1.89) a kilogramme, while chick sold at INR33 (US$0.61), unchanged.
According to market sources, reduced off-take on Friday (Feb 22) mainly pulled broiler down. It may regain its previous levels in the next few days, said sources.