December 7, 2011
Philippine Feed Weekly: Feed prices bounce back (week ended Nov 17, 2011)
An eFeedLink Exclusive
Price summary
After several weeks of price declines, Philippine feed prices have managed to recover but livestock raisers are unhappy with it.
According to market watchers, pork and poultry producers are upset with the increasing feed prices as they are already reeling from the influx of meat imports in the market.
Although corn remained unchanged over the week, prices of most feeds went up, along with other production costs including electricity rates.
Traders say feed prices will remain shaky in the coming weeks as industry players are still cautious of how the livestock market will react in the light of increasing feed prices.
Market Analysis
Corn farmers reportedly held their prices in the meantime to give livestock raisers a momentary relief from import headaches.
Corn prices usually go up during the last quarter of the month due to demand for the first few months of the following year.
The Department of Agriculture has also declined the requests of feed millers and hog raisers to import 100,000 tonnes of corn, citing that there are not enough grounds for importation. Livestock raisers worry that corn prices may again soar as corn farmers will have enough basis to raise up their prices as there will be no competition from imports.
Both livestock raisers and the government are trying to fix the importation problem which are beleaguering the livestock and feed milling industry.
|
Prices of raw feed ingredients (in PHP/kg) | |||
|
FEED INGREDIENTS |
Nov 10 |
Nov 17 |
Changes |
|
Yellow corn |
15.75 |
15.75 |
0.00 |
|
Rice Bran |
11.00 |
11.50 |
0.50 |
|
Copra meal |
11.90 |
12.10 |
0.20 |
|
Pollard |
12.65 |
12.50 |
-0.15 |
|
Feed wheat |
15.30 |
15.50 |
0.30 |
|
Coconut oil |
56.50 |
62.00 |
5.50 |
|
US soymeal |
21.80 |
22.00 |
20.00 |
|
Argentina soymeal |
20.50 |
20.15 |
-0.35 |
|
Molasses |
5.90 |
5.80 |
-0.10 |
|
Fishmeal |
48.00 |
45.00 |
-3.00 |
|
Note: Prices are quoted from the Bureau of Animal Industry | |||
