Coarse grain prices tumble
Prices of all coarse grains tumbled this week, admist speculation that GOI will ban exports of maize and arrivals for the Rabi grain also started with much vigor. Inflation touched a 40 month high of 7.41% for the week ending Mar 29, 2008.
Corn prices were down by about 1.6% over last week, reaching Rs.7090 per MT (loose) at the market yard. Prices were lower than last year by 2.1%. One of the reasons attributed to the lower prices is good arrivals at the mandis.
Pearl Millet (bajra) prices were down by 9.3% over last week, to level at Rs.7000 per MT at the market yard. Prices though were higher than last year by 1.4%, but lower than maize by 1.5%.
Sorghum (Jowar) prices were down by 1.2% over last week, eachimg Rs.10050 per Mt at the market. Prics remained higher than last year by 14.6% and agains maize, Sorghum prices were higher by 30%.
Barley prices were down by only 1% over last week to level at Rs.950 per Mt at the market yard.. Pries were higher than 25% over last year. Arrival have started, but reports indicate some damage in Punjab and Haryana due to untimely rains. There is export demand as well and stocks are reported to be consolidated at ports. Future pries have shown a jump, specially sept / oct, when prices are over Rs.12,200 per MT.
Corn on CBOT closed at $229.98 for May delivery, while July delivery was $235.18 per MT, slightly lower than last week’s close.
Poultry sector growth – linked to contract farming and processing
While there is an apparent slow down, due to inflation and affordability is low, the growth of poultry sector in likely to be much more. Even though the Minimum Support Prices (MSP) have been hiked for rabi crops, lower productively is a major factor which lowers the take home for the farmer. In such a scenario, livestock farming specially dairy and poultry provide additional income to the farmer families.
A case in point is Tamil nadu, where farmers with even 5 acres of land have been unable to grow any agriculture crops due to low water table and have survived and made money from poultry farming, under the contract farming system.
Reports indicate farmers in the area having over 5000 birds, have been able to make Rs.100,000 per year (after deducting all costs). This one farm does not employ labor and the family takes care of the birds. Currently only about 60% of the broiler birds across the country are under integration and this figure is expected to reach 85% by 2010.
As we move up the value chain, companies and institutions will need to move to the next step, processing, which will benefit both the companies as well as the consumers, providing a consistent safe product year round. Infusion on money and technology is the next step, which will help in increasing the profitability, value addition will be the key, which will help in growth of the poultry sector from the current 12% to 15-20% level in coming years.
This downtrend is not going to last long and there is bound to be a turnaround. Poultry meat is and will be the cheapest meat available and as incomes grow, people will be eating more on chicken and eggs and there will be those who will need more of value added convenience foods made from chicken.
Amit SachdevPrices of all coarse grains tumbled this week, admist speculation that GOI will ban exports of maize and arrivals for the Rabi grain also started with much vigor. Inflation touched a 40 month high of 7.41% for the week ending Mar 29, 2008.
Corn prices were down by about 1.6% over last week, reaching Rs.7090 per MT (loose) at the market yard. Prices were lower than last year by 2.1%. One of the reasons attributed to the lower prices is good arrivals at the mandis.
Pearl Millet (bajra) prices were down by 9.3% over last week, to level at Rs.7000 per MT at the market yard. Prices though were higher than last year by 1.4%, but lower than maize by 1.5%.
Sorghum (Jowar) prices were down by 1.2% over last week, eachimg Rs.10050 per Mt at the market. Prics remained higher than last year by 14.6% and agains maize, Sorghum prices were higher by 30%.
Barley prices were down by only 1% over last week to level at Rs.950 per Mt at the market yard.. Pries were higher than 25% over last year. Arrival have started, but reports indicate some damage in Punjab and Haryana due to untimely rains. There is export demand as well and stocks are reported to be consolidated at ports. Future pries have shown a jump, specially sept / oct, when prices are over Rs.12,200 per MT.
Corn on CBOT closed at $229.98 for May delivery, while July delivery was $235.18 per MT, slightly lower than last week’s close.
Poultry sector growth – linked to contract farming and processing
While there is an apparent slow down, due to inflation and affordability is low, the growth of poultry sector in likely to be much more. Even though the Minimum Support Prices (MSP) have been hiked for rabi crops, lower productively is a major factor which lowers the take home for the farmer. In such a scenario, livestock farming specially dairy and poultry provide additional income to the farmer families.
A case in point is Tamil nadu, where farmers with even 5 acres of land have been unable to grow any agriculture crops due to low water table and have survived and made money from poultry farming, under the contract farming system.
Reports indicate farmers in the area having over 5000 birds, have been able to make Rs.100,000 per year (after deducting all costs). This one farm does not employ labor and the family takes care of the birds. Currently only about 60% of the broiler birds across the country are under integration and this figure is expected to reach 85% by 2010.
As we move up the value chain, companies and institutions will need to move to the next step, processing, which will benefit both the companies as well as the consumers, providing a consistent safe product year round. Infusion on money and technology is the next step, which will help in increasing the profitability, value addition will be the key, which will help in growth of the poultry sector from the current 12% to 15-20% level in coming years.
This downtrend is not going to last long and there is bound to be a turnaround. Poultry meat is and will be the cheapest meat available and as incomes grow, people will be eating more on chicken and eggs and there will be those who will need more of value added convenience foods made from chicken.
India Representative
U S Grains Council
bluecross303@gmail.com
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