November 23, 2011
Philippine Feed Weekly: Corn prices weaken; other feed prices remain stable (week ended Oct 27, 2011)
An eFeedLink Exclusive
Price summary
Philippine corn prices dipped over the week while prices of other feed ingredients remain steady.
The drop in corn prices is a much welcome respite for livestock producers who recently expressed interest to import the grain.
According to traders, prices of feed grains, particularly corn, may remain stable as farmers deemed it necessary to soften the prices to prevent livestock and feed sectors from buying overseas. Importation may affect their production and pricing in the next quarter of 2012.
Market Analysis
Although prices of some feed ingredients went up, corn noticeably declined by PHP1 a kilo, sparking speculations that farmers deliberately lowered their prices to prevent importation which may severely affect production and prices of corn.
Although the Department of Agriculture has yet to grant the importation request, livestock and feed producers seem firm on their plan to purchase abroad as they foresee a scarce production of corn in the first quarter of 2012 due to the devastation of typhoon Pedring (international name Nesat) and Quiel (Nalgae) in late September and early October respectively.
It remains to be seen whether prices of feed grains may improve, although traders believe that it will still be unchanged as international prices have also calmed down.
|
Prices of raw feed ingredients (in PHP/kg) | |||
|
FEED INGREDIENTS |
Oct 19 |
Oct 27 |
Changes (in PHP/kg) |
|
Yellow corn |
16.75 |
15.85 |
-0.90 |
|
Rice Bran |
11.00 |
11.25 |
+0.25 |
|
Copra meal |
11.50 |
11.90 |
+0.40 |
|
Pollard |
13.20 |
13.00 |
-0.20 |
|
Feed wheat |
16.50 |
15.85 |
-0.65 |
|
Coconut oil |
60.00 |
60.00 |
0.00 |
|
US soymeal |
22.50 |
23.50 |
+1.00 |
|
Argentina soymeal |
21.50 |
22.50 |
+1.00 |
|
Molasses |
6.20 |
6.20 |
0.00 |
|
Fishmeal |
50.00 |
50.00 |
0.00 |
|
Note: Prices are quoted from National Federation of Hog Farmers Incorporated. | |||
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