FE BUREAU
Wednesday, Aug 15, 2012
Hyderabad: Following an unprecedented increase in the prices of maize and soya meal, the National Egg Coordination Committee (NECC) has appealed to the government to ban exports and forward trading in these two commodities. This would help curb speculation and hoarding of soya meal and maize, which are the essential feed ingredients of the poultry industry, NECC said.
The organisation has called to place quantitative restrictions on volumes for export and forward trading in order to discourage speculation and lower the prices of soya meal and maize to affordable levels. The committee has also appealed to the government for allocation of at least 10 lakh tonne of wheat by the Food Corporation of India to minimise the pressure on the price of maize in the domestic market.
In the last two months, there has been a steep increase in the price of soya meal, mainly due to forward trading and hoarding by traders and exporters in anticipation of a substantial increase in the volume of export. A NECC release says that the soya meal prices have increased from R2,000 per quintal to R4,200 per and R950 to R1,400 for maize.
As a result of the steep increase in the prices of input costs, the breakeven level for egg production, which was R2.25 per egg two months ago, has gone up to R3. And for broiler production, it has increased from R45 per kg live weight to R65 per kg in the last two months.
Poultry farmers are unable to get farm gate prices following the increasing cost of production.
Wednesday, Aug 15, 2012
Hyderabad: Following an unprecedented increase in the prices of maize and soya meal, the National Egg Coordination Committee (NECC) has appealed to the government to ban exports and forward trading in these two commodities. This would help curb speculation and hoarding of soya meal and maize, which are the essential feed ingredients of the poultry industry, NECC said.
The organisation has called to place quantitative restrictions on volumes for export and forward trading in order to discourage speculation and lower the prices of soya meal and maize to affordable levels. The committee has also appealed to the government for allocation of at least 10 lakh tonne of wheat by the Food Corporation of India to minimise the pressure on the price of maize in the domestic market.
In the last two months, there has been a steep increase in the price of soya meal, mainly due to forward trading and hoarding by traders and exporters in anticipation of a substantial increase in the volume of export. A NECC release says that the soya meal prices have increased from R2,000 per quintal to R4,200 per and R950 to R1,400 for maize.
As a result of the steep increase in the prices of input costs, the breakeven level for egg production, which was R2.25 per egg two months ago, has gone up to R3. And for broiler production, it has increased from R45 per kg live weight to R65 per kg in the last two months.
Poultry farmers are unable to get farm gate prices following the increasing cost of production.
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