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December 21, 2011
 
Philippine Feed Weekly: Feed prices stay unchanged (week ended Dec 1, 2011)

An eFeedLink Exclusive
 

Price summary

Philippine feed prices were generally stable over the week amid the approaching Christmas season.

Traders say purchases for feed have been slow due to sluggish demand for local meat. The poultry and pork industries have been suffering from the deluge of cheaper imports.

Analysts believe however that prices may increase in the coming weeks particularly corn due to supply shortage brought about by storms Pedring (International name Nesat) and Quiel (Nalgae).
 
 
Market Analysis
 
Meanwhile, the Department of Agriculture (DA) remained firm on their decision not to allow pork and feed sectors to import corn despite possibility of corn supply shortage.

Insiders say industry players were extremely disappointed with the decision as they were hoping that production costs would be lower with cheaper corn imports as they continue to struggle with their foreign pork. Although the Bureau of Animal Industry-an attached agency of the DA-says that most imports are pork innards, most of these shipments are fresh pork meat, which fuels allegations of rampant smuggling.

Meat importers on the other hand blasted pork producers' allegations of smuggling, saying the official records would validate that their importations are only innards and do not include fresh meat.

The government hopes to iron things out between pork producers and meat importers in preparation for 2012.
 

Prices of raw feed ingredients (in PHP/kg)

FEED INGREDIENTS

Nov 24

Dec 1

Changes (in PHP/kg)

Yellow corn

16.40

16.90

+0.50

Rice Bran

11.80

11.80

0.00

Copra meal

12.00

12.00

0.00

Pollard 

12.00

12.00

0.00

Feed wheat

15.50

15.50

0.00

Coconut oil 

62.00

68.00

+6.00

US soymeal

21.90

21.90

0.00

Argentina soymeal

20.00

19.90

-0.10

Molasses

6.00

6.00

0.00

Fishmeal

45.00

43.00

-2.00

Note: Prices are quoted from the Bureau of Animal Industry.
US$1 = PHP43.84 (Dec 21, 2011)

 

 
 
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