Prices of poultry feed products are likely to turn cheaper in the near future as soyameal, maize and bajra rates have dropped.
Mr Satpal Singh, Proprietor of Sarvottam Poultry Feed Supply Centre Pvt Ltd, told Business Line that prices of the key ingredients of poultry feed products have started to soften and the industry may slash the prices of feed products in the coming days.
On Wednesday soyameal prices decreased by Rs 60 and was quoted at around Rs 3,040 a quintal against Rs 3,100 last weekend.
Similarly, maize prices dropped by Rs 120 to Rs 1,050 a quintal. Bajra eased by Rs 95 and settled at Rs 985 a quintal, while DCP was quoted at Rs 36 a kg, Rs 2 down from the previous level.
On the other hand, the price of fish oil improved by Rs 15 to Rs 83 a litre.
Poultry feed products
After witnessing a fall last week, prices of poultry feed products remained unchanged. Broiler concentrates feed was quoted at Rs 1,560, while Broiler Starter Mash ruled at Rs 1,240 for a 50-kg bag.
Broiler Pre-Starter Concentrate 30 per cent was sold at Rs 1,370 for a 30-kg bag, while layer concentrate at Rs 1,200 for a 50-kg bag.
Pre-lay mash quoted at Rs 800, while broiler finisher was sold at Rs 1,220 for a 50-kg bag.
Meanwhile, low production, coupled with good domestic demand, has pushed egg, chick and broiler prices up. High mortality rate among the birds is the prime reason behind the low production, said Mr Satpal. The mortality rate has increased by 5 per cent, while the production has decreased by 20 per cent, said a poultry farmer.
On Wednesday, broiler was quoted at Rs 105 a kg against Rs 100 last week. The price of an egg was up by 26 paise to Rs 2.86, while chick prices went up by Rs 3 and was sold at Rs 13-16.