June 20, 2013

Prices of India's feed products may increase as soymeal prices move up from the current levels.

According to Aditya Mishra, a commodity expert, soymeal is playing a key role at present and if it moves further up, prices of poultry feed will increase.

Heavy fluctuations in prices of key ingredients are keeping the production cost steady.

Soymeal prices have increased by INR1,700 (US$29) a tonne over the last three weeks. While there has been too much volatility in the prices of mustard de-oiled cake that touched INR15,800 (US$265) a quintal last week, it is now in a correction mode. In the physical market, soymeal went up by INR400 (US$7) to INR37,000 (US$621) a tonne.

Bajra (pearl millet) improved further by INR10 (US$0.17) to INR1,520 (US$26) a quintal (100kg), DCP was at INR35 (US$0.59)/kg, meat-bone meal (MBM) improved by INR300 (US$5) a quintal to INR35,300 (US$592) while corn recovered by INR330 (US$5.54) to INR15,100 (US$253). Mustard de-oiled cake dropped further by INR400 (US$7) to INR15,300 (US$257) a tonne, DRB improved by INR100 (US$2) to INR9,400 (US$158) while rice bran oil ruled at INR49 (US$0.82) a kilogramme.

Pre-lay mash sold at INR1,020 (US$17) for a 50-kilogramme bag, while layer grower mash quoted at INR960 (US$16). Layer concentrate 25% sold at INR1,445 (US$24) while layer concentrate 35% went for INR1,130 (US$19). Broiler concentrate quoted at INR1,980 (US$33) while broiler starter mash was at INR1,500 (US$25).

Meanwhile, after witnessing an uptrend last weekend, chick and broiler prices dropped while egg improved marginally, on Wednesday (Jun 12). Egg improved to INR3.09 (US$0.05) a piece. Broiler dropped by INR10 (US$0.17) to INR80 (US$1.34) a kilogramme, while chick went INR3 (US$0.05) down from the previous levels for INR15 (US$0.25).

According to the market experts, it is unlikely to see any major alteration in the poultry products market this week.