December 17, 2013

India's poultry product prices may rise further due to festival demand

Driven by the coming festival demands towards the end of December 2013, India's prices for poultry products may increase further while feed products may continue to stay around current levels over the next few days.

According to the trade experts, demand for poultry feed and poultry products is likely to improve further by the end of December due to Christmas and New Year, reports The Hindu Business Line.

In order to reap better margins, poultry farmers have started selling broilers, resulting in an increase in feed consumption, said Aditya Mishra, a trade expert.

Meanwhile, with the cost of production being steady, prices of poultry feed products remained unchanged. In the physical market, soymeal witnessed some correction, a drop by US$3.23/tonne to US$558/tonne, while Bajra was unchanged at US$210/quintal.

Di-calcium phosphate improved by US$0.01 and sold at US$0.56/kg. Meat and bone meal (MBM) improved by US$0.002 and sold at US$0.51/kg while corn dropped by US$0.16 and was at US$24/quintal. Rice bran oil was at US$1.03/kg, dry-rolled barley (DRB) sold at US$118, while mustard de-oiled cake eased by US$1.62 and was at US$241/tonne.

Broiler concentrate quoted at US$32.5 for a 50-kg bag while broiler starter mash sold at US$25 for a 50-kg bag. Pre-lay mash sold at US$17 for a 50-kg bag. "Layer concentrate 25%" was at US$24 for a 50-kg bag while "Layer concentrate 35%" sold at US$19 for a 50-kg bag.

Meanwhile, as expected, broiler and egg improved on increased off-take on December 14. Broiler moved up by US$0.03 and sold at US$1.26-US$1.29/kg, egg improved by US$0.002 and was at US$0.06, while chick went for US$0.39.