Commodity prices remain strong
Maize prices are just a tad lower than last week at Rs.6850 per MT, but are similar to last year prices. Average month price for Dec 2007 is Rs.6800 per MT against Rs.6779 per MT in Dec 2006. The production estimates for the Rabi crop are still in preliminary stages, but reports indicate a production of 2.7 – 3.0 MMT as the area under maize has been reported to be up from 0.741 mill hac to 0.978 mill hac, an increase of over 32%, only due to higher prices received by the farmers in the year 2007.
In the spot markets, prices in Nizamabad (Andhra Pradesh), Davangere (Karnataka) were in the range of Rs.6800 – 6900 per MT, while in Ratlam in Madhya Pradesh and Nimbaheda in Rajasthan, prices were close to Rs.8300 per MT, while in Karimnagar (Andhra Pradesh), prices were close to Rs.7000 per MT. In the futures market prices in Jan – Apr 2008 were in the range of Rs.7450 – 7950 per MT, even though a new crop is expected in Mar 2008.
Pearl Millet (Bajra) prices are similar to last week at Rs.6600 per MT, but are lower than last year by about 10%. Against maize the prices are lower by 2.5%. Average month price for Dec 2007 was Rs.6600 per MT against Rs.7365 per MT in Dec 2006.
Sorghum prices have reached RS.10200 per MT at the market yard, about 5% higher than last week prices and 34% higher than last year prices. Against maize the prices are higher by 49%. Average price for the month of Dec 2007 at the market yard was Rs.9670 per MT against Rs.7730 per MT in Dec 2006. The area under rabi sorghum is down slightly from 4.712 mill hac to 4.616 mill hac.
Barley prices reached Rs.10300 per MT, 7% higher than week and 34% higher than last year. Spot prices at Jaipur market were ruling at Rs.12200 per MT (packed). In the futures market, barley prices were Rs.9400 – 9700 per MT for April – July deliveries. Average price for Dec 2007 was Rs.10188 per MT against Rs.7691 per MT for Dec 2006. The area under barley is reported to be up slightly fro, 0.639 mill hac to 0.689 mill hac.
Export of maize continues from India to Taiwan, Malaysia, Korea and other pacific rim countries. There are reports of congestion at some ports as well, which is slowing down exports from India and things will ease out in the next couple of days.
After the wheat fiasco, GOI is in for trouble on Rice front as well and MMTC has come out for a tender to import white Rice. India has been a net exporter of rice and increased requirement, low procurement has led to this situation.
On CBOT, corn prices moved up to $177.94 and $182.35 per MT for Mar and May 2008 deliveries, adding about 2% over last week’s close. Prices are likely to stay form as the crude prices are up and demand for ethanol is going up. Corresponding DDG’s prices are also up.
Source of drug resistant bacteria in poultry meat
While the first source is over use of antibiotics in feed or water to treat infections or their use as growth promoters, there is increasing evidence that humans/workers carrying antibiotic resistant bacteria could be a major cause of its spread among communities as well as on the chicken. In addition humans themselves are to blame for over medicating themselves with antibiotics.
It is important to have a farm to fork approach, as it regulates all the points in the food chain in an attempt to improve safety. A regulation on withdrawal feed (antibiotic free in the last few days prior to slaughter) could be an important factor in the farm to fork policy in addition to using proper bio-security rather than depending on antibiotics. It will reduce the cost of production on one side and also reduce the amount of medication that the chickens and humans are exposed to.
Integrated poultry companies are already following this system of withdrawal feed, but it is the individual farmer who relies more of the market price to sell the stock that needs to be made aware. In a condition where at least 60% of the sector is still with small individual farmers, chicken is sold when the price is right and sometimes when the birds are still on some antibiotics and it is difficult to monitor the supplies, unless there is a law. Countries like Malaysia, Sri Lanka, Vietman all have such laws and it is high time such a law is formulated which will help the industry in the long run.
Maize prices are just a tad lower than last week at Rs.6850 per MT, but are similar to last year prices. Average month price for Dec 2007 is Rs.6800 per MT against Rs.6779 per MT in Dec 2006. The production estimates for the Rabi crop are still in preliminary stages, but reports indicate a production of 2.7 – 3.0 MMT as the area under maize has been reported to be up from 0.741 mill hac to 0.978 mill hac, an increase of over 32%, only due to higher prices received by the farmers in the year 2007.
In the spot markets, prices in Nizamabad (Andhra Pradesh), Davangere (Karnataka) were in the range of Rs.6800 – 6900 per MT, while in Ratlam in Madhya Pradesh and Nimbaheda in Rajasthan, prices were close to Rs.8300 per MT, while in Karimnagar (Andhra Pradesh), prices were close to Rs.7000 per MT. In the futures market prices in Jan – Apr 2008 were in the range of Rs.7450 – 7950 per MT, even though a new crop is expected in Mar 2008.
Pearl Millet (Bajra) prices are similar to last week at Rs.6600 per MT, but are lower than last year by about 10%. Against maize the prices are lower by 2.5%. Average month price for Dec 2007 was Rs.6600 per MT against Rs.7365 per MT in Dec 2006.
Sorghum prices have reached RS.10200 per MT at the market yard, about 5% higher than last week prices and 34% higher than last year prices. Against maize the prices are higher by 49%. Average price for the month of Dec 2007 at the market yard was Rs.9670 per MT against Rs.7730 per MT in Dec 2006. The area under rabi sorghum is down slightly from 4.712 mill hac to 4.616 mill hac.
Barley prices reached Rs.10300 per MT, 7% higher than week and 34% higher than last year. Spot prices at Jaipur market were ruling at Rs.12200 per MT (packed). In the futures market, barley prices were Rs.9400 – 9700 per MT for April – July deliveries. Average price for Dec 2007 was Rs.10188 per MT against Rs.7691 per MT for Dec 2006. The area under barley is reported to be up slightly fro, 0.639 mill hac to 0.689 mill hac.
Export of maize continues from India to Taiwan, Malaysia, Korea and other pacific rim countries. There are reports of congestion at some ports as well, which is slowing down exports from India and things will ease out in the next couple of days.
After the wheat fiasco, GOI is in for trouble on Rice front as well and MMTC has come out for a tender to import white Rice. India has been a net exporter of rice and increased requirement, low procurement has led to this situation.
On CBOT, corn prices moved up to $177.94 and $182.35 per MT for Mar and May 2008 deliveries, adding about 2% over last week’s close. Prices are likely to stay form as the crude prices are up and demand for ethanol is going up. Corresponding DDG’s prices are also up.
Source of drug resistant bacteria in poultry meat
While the first source is over use of antibiotics in feed or water to treat infections or their use as growth promoters, there is increasing evidence that humans/workers carrying antibiotic resistant bacteria could be a major cause of its spread among communities as well as on the chicken. In addition humans themselves are to blame for over medicating themselves with antibiotics.
It is important to have a farm to fork approach, as it regulates all the points in the food chain in an attempt to improve safety. A regulation on withdrawal feed (antibiotic free in the last few days prior to slaughter) could be an important factor in the farm to fork policy in addition to using proper bio-security rather than depending on antibiotics. It will reduce the cost of production on one side and also reduce the amount of medication that the chickens and humans are exposed to.
Integrated poultry companies are already following this system of withdrawal feed, but it is the individual farmer who relies more of the market price to sell the stock that needs to be made aware. In a condition where at least 60% of the sector is still with small individual farmers, chicken is sold when the price is right and sometimes when the birds are still on some antibiotics and it is difficult to monitor the supplies, unless there is a law. Countries like Malaysia, Sri Lanka, Vietman all have such laws and it is high time such a law is formulated which will help the industry in the long run.
Amit Sachdev
India Representative
U S Grains Council
bluecross303@gmail.com
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