ShapeShapeauthorShapechevroncrossShapeShapeShapeGrouphamburgerhomeGroupmagnifyShapeShapeShaperssShape

Maize Prices Increase Poultry Production Costs

by 5m Editor
25 January 2008, at 10:30am

INDIA - With the maize prices soaring, poultry industry is also reeling under big problems. Maize, a main content in the feed, cost will add to the production cost of the poultry industry, which is already under threat from the bird flu spreading in West Bengal districts, reports <i> Commodity Online</i>.

With supply from US and China cut short, maize market is hotting up in India. The prices have already skyrocketed and hit the Rs 1,000 per quintal level.

With demand fro the commodity rising in China and the US, those countries have reduced export of maize.

Price of maize, which prevailed between Rs 500-550 per quintal in 2005-06, increased to Rs 900 in some north Indian centres recently. It had gone up to Rs 1,000 per quintal.

Considering the looming shortage in the maize market, All India Start Manufacturers Association (AISMA) has urged the Centre to regulate the exports of maize to ensure availability for the domestic market.

In China, the government controls export of maize and accords priority to domestic market and only after the demand of local manufacturers was met, it allows export of this commodity.

In the US, the demand of ethanol is very high the manufacturer depends on maize and therefore its export is restricted. While in India there is no such mechanism.

The global starch manufacturers prefer to import maize from India as the procurement price is lower compared to the US and China.

For the full story Commodity Online

5m Editor