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Market Reports

May 6, 2014

Philippine Feed Weekly: Feed grain prices vary on robust market (week ended Apr 3, 2014) erratic

An eFeedLink exclusive 
 

Price summary

Prices of Philippine feed were varied amid robust market for poultry and pork.

Graduation celebrations and other festivities have jacked up prices for meat in recent weeks. However, traders say some feed manufacturers and livestock farmers have already purchased feeds ahead which may have pull down prices of other feed grains.

Traders are expecting a similar price trend in the coming weeks. 
 
 
Market Analysis

Meanwhile, the Department of Agriculture will look into reported increases in pork prices in some markets in Metro Manila.

Agriculture Secretary Proceso Alcala said the supply of pork is currently tight because of the lack of piglets. He also noted the low supply of pork imports coming from the US and Canada. Prices of pork at the Kalentong market in Mandaluyong City stood at PHP190 per kilo, up from PHP175 to P180 per kilo last week.

Alcala also warned of the occurrence of "double-dead" meat sold in the wet markets as the hot temperature could be fatal to pigs and to chickens.  He said livestock may suffer from heatstroke due to extreme heat experienced in the past few days.
 
Prices of raw feed ingredients (in PHP/kg)
FEED INGREDIENTS
Mar 19 (in PHP/kg)
Apr 3 (in PHP/kg)
Changes (in PHP/kg)
Yellow corn
13.40
13.80
0.40
Rice Bran
12.40
12.50
0.10
Copra meal
11.75
11.50
-0.25
Pollard 
12.20
11.90
-0.30
Feed wheat
16.10
15.70
-0.40
Coconut oil 
65.00
65.00
0.00
US soymeal
29.00
29.50
0.50
Argentina soymeal
28.00
28.00
0.00
Molasses
8.20
8.20
0.00
Fishmeal
54.00
53.00
-1.00
Note: Prices are quoted from the Bureau of Animal Industry
US$1 = PHP44.36 (May 6, 2014)
 

 


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