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Jamaican farmers could pay more for farm feeds

by 5m Editor
28 September 2006, at 12:00pm

JAMAICA - Farmers could be asked to pay higher prices for animal feed as the price of corn, which is the main ingredient used to manufacture the product, spirals out of control in the United States.

In a release issued to the media, the feedmill operators, which include Jamaica Broilers - manufacturers of Hi-Pro Feeds and Caribbean Broilers - makers of Nutramix Feeds, said this was placing their operations under severe "financial pressure".

They pointed out that between January and September, the price of corn loaded in the United States golf region increased by 18 per cent from US$104 ($6,760) per metric tonne to US$123 ($7,995) per metric tonne. The US is the largest commercial producer of corn. Jamaica imports approximately 200,000 tonnes of corn annually from the US.

The feed millers said the sharpest increase occurred between May and September when the price of corn moved from US$107 ($6,955) per metric tonne to US$123 per metric tonne. They pointed out that the price increased by 23 per cent overall when compared with the same period last year.

Source: Jamaica-Gleaner

5m Editor