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November 23, 2011
 
Philippine Feed Weekly: Feed prices slip anew (week ended Nov 3, 2011)

An eFeedLink Exclusive
 

Price summary

After gaining momentum the other week, Philippine feed prices again dropped as demand has momentarily softened.

Except for rice bran, copra and feed wheat which remained relatively stable, prices of all feed grains posted declines.

Analysts said domestic feed trade has been quiet as livestock and feed producers are requesting the government to import corn for the first four months of 2012. They added that prices may further weaken in the coming weeks due also to softening market demand.
 
 
Market Analysis
 
Barring protests from corn farmers, the Philippine Association of Feed Millers Incorporated stressed that the planned corn imports would only account 13% of the total corn requirement for the first quarter of 2012 and should not adversely affect demand and price of local corn.

PAFMI said corn crops have been submerged in floods brought by typhoons Pedring (International name Nesat) and Quiel (Nalgae) which hit Northern Luzon - a major corn producer - in late September and early October respectively. Of late, the twin typhoons have damaged nearly 35,000 hectares of corn valued at PHP522.58 million. Anent to this, the Pork Producers of the Philippines have also requested corn importation, citing similar reasons to that of PAFMI.

The Department of Agriculture has yet to issue a statement regarding the groups' request.
 

Prices of raw feed ingredients (in PHP/kg)

FEED INGREDIENTS

Oct 29

Nov 3

Changes (in PHP/kg)

Yellow corn

15.85

15.75

-0.10

Rice Bran

11.25

11.25

0.00

Copra meal

11.90

11.90

0.00

Pollard 

13.00

12.90

-0.10

Feed wheat

15.85

15.85

0.00

Coconut oil 

60.00

58.90

-1.10

US soymeal

23.50

22.50

-1.00

Argentina soymeal

22.50

20.80

-1.70

Molasses

6.20

5.90

-0.30

Fishmeal

50.00

48.00

-2.00

Note: Prices are quoted from National Federation of Hog Farmers Incorporated.
US$1 = PHP43.25 (Nov 23, 2011)

 


 
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