October 16, 2013

Due to a marginal fluctuation in input prices, India's poultry feed prices are likely to rule flat in the near term.

Commodity expert Aditya Mishra said that key ingredients have been ruling steady with marginal fluctuations, which have made no major impact on input costs.

He said that the demand for feed products is also steady and the market may continue to rule around current levels for the next few days.

In the physical market, soymeal witnessed some correction and dropped by INR100 (US$1.62) to INR32,800/tonne (US$530), while bajra dropped by INR300 (US$4.85) to INR12,100/quintal (US$196).

Di-calcium phosphate sold at INR34.60 (US$0.56) a kilogramme (kg), meat and bone meal (MBM) sold at INR30/kg (US$0.49), while corn dropped by INR10 (US$0.16) to INR1,470-1,500 (US$24-24.30) a quintal. Dry-rolled barley (DRB) went down by INR500 (US$8.09) and sold at INR10,600/quintal (US$171) while rice bran oil was at INR59/kg (US$0.95).

Mustard de-oiled cake remained unchanged and sold at INR14,700/tonne (US$238). Broiler concentrate quoted at INR1,960 (US$32) for a 50-kg bag while broiler starter mash sold at INR1,500 (US$24) for a 50-kg bag.

Pre-lay mash sold at INR1,025 (US$16.60) for a 50-kg bag. "Layer concentrate 25%" sold at INR1,465 (US$24) for a 50-kg bag while "Layer concentrate 35%" was at INR1,150 (US$19) for a 50-kg bag.

Meanwhile, positive trends held sway in the poultry products market with broiler improved by INR2 (US$0.03) and quoted at INR68-70/kg (US$1.10-1.13), egg ruled unchanged and was at INR3.12 (US$0.05), while chick went up by INR2 (US$0.03) and was at INR26 (US$0.42).