Commodity prices do not relent
Inflation is just a kissing distance away from 12% (11.98%). Commodity prices – specially coarse grain prices have risen further and there is no escape for the end-users – poultry, starch and livestock.
Maize prices moved up by 4.7% on an average at the market yard, crossing the Rs.9000 per MT mark for loose material. The prices are about16.5% above the last year prices. In some areas of Karnataka, Tamil nadu, delivered prices are close to Rs.12,200 – 12,500 per MT. For the month of July 2008, the average price of maize at the Market yard was Rs.8485 per MT against Rs.7442 per MT in July 2008, an increase of 14%.
In the futures market, maize prices were down from 3 – 7% over last week for Aug – Nov deliveries, but remained over Rs.10,000 per MT levels. Prices in Davangere SPOT market moved up by 6.8%, breached Rs.11000 per MT mark. Prices in Karimnagar and Nizamabad though were down by 1%. One of the reasons being attributed to a sudden price decrease is improvement in the monsoon coverage and some areas receiving wide-spread rains, which is likely to reduce the loss of yield. Even if farmers increase the speed of sowing in areas, which are receiving rains, the productivity will be affected.
Pearl Millet (Bajra) prices added 0.4% to its tally, reaching Rs.7900 per Mt at the market yard. The prices are 16% above last year values in the last week of July 2007. As the average prices are lower than maize by 14% thus generating interest to use Pearl Millet in rations and heavy buying is being done for delivering to South India, where average delivery prices are Rs.10000 – 10,500 per MT. Average Pearl Millet price for July 2008 was Rs.7440 per MT, against Rs.6580 per MT in July 2008, an increase of 13%.
Sorghum (Jowar) prices moved up by 5.6% to level at Rs.11,380 per MT at the market yard. Prices are about 15.4% higher than last year and 21% higher than maize. Average price for July 2008 at t he market yard was Rs.10,825 per MT, against Rs.9382 per MT in July 2007, an increase of 15.3%.
Barley prices were lower by 6.3% at the market yard this week, to level at Rs.10,290 per MT, but were higher than last year by 26.5%. Average prices for July 2008 were Rs.10,767 per MT almost 49.5% up against Rs.7200 per MT in July 2007.
Corn prices on CBOT slipped further by $4 -5, per Mt to close at 4222.42 - $230 per MT. One the reasons attributed to lower prices is the good weather in the corn belt and in addition reports than Argentina may be reducing the export tax.
Poultry Processing and waste management
At a recent meeting held under the agies of Municipal Corporation of Delhi regarding increased number of bird hits at Delhi’s Indira Gandhi International Airport, the poultry and animal waste generated and dumped around the city of Delhi from the slaughtering at the poultry market and elsewhere in the city has been held culprit. In addition the Hindon airbase, which is a stone throw from the Poultry Market on NH 24, is also facing problems of bird hit, due to slaughter and dumping of poultry waste at the dumpsite.
The Municipal Corporation of Delhi (MCD) enacted a law in Nov 2004, wherein slaughter of birds within the city of Delhi was banned, but the law was not enacted. It is high time that GOI / MCD takes action on this.
A proper poultry processing plant set up in Delhi will not only provide safe poultry meat to the citizens and tourists in the area, but will also help in managing poultry waste, that will be generated and will be rendered (converted into a protein meal at high temperature and pressure) within the premises, before being trucked out.
Food safety will be a major concern during common wealth games in 2010 and Govt. of Delhi will be need to be ready to provide not only safe food to the athletes but also safe environment to one and all.
For the Beijing Olympics, China has already gone ahead and banned live bird sales in some areas. Also extensive monitoring of poultry production from breeders to slaughters to delivery trucks and the feeding regimen have been taken up. This is to ensure safe food not only to the athletes but also for the general public. Once the project is implemented,
DDGS can lower cost of production
Report from two universities in US (Auburn and Purdue) suggest that 10% use of DDGS in broiler rations with appropriate enzymes can increase efficiency of production. It can lower the feed cost by about $9 per MT (US standards). A trial conducted reported 8% better live weight gain in 56 days and also improvement in Feed Conversion Ratio (FCR) by 4 points.
DDGS, with 10% oil and 27% protein is the only combination source, which is being used effectively in many countries of the world to manage production costs. It can also be used in dairy feeds to provide concentrated form of energy and protein to high yielders and in case of fish feed as well.
New plants are coming online in USA and the supply situation is likely to ease. The price of DDGS delivered to South East Asia (closest Bankok) is about $325.
Inflation is just a kissing distance away from 12% (11.98%). Commodity prices – specially coarse grain prices have risen further and there is no escape for the end-users – poultry, starch and livestock.
Maize prices moved up by 4.7% on an average at the market yard, crossing the Rs.9000 per MT mark for loose material. The prices are about16.5% above the last year prices. In some areas of Karnataka, Tamil nadu, delivered prices are close to Rs.12,200 – 12,500 per MT. For the month of July 2008, the average price of maize at the Market yard was Rs.8485 per MT against Rs.7442 per MT in July 2008, an increase of 14%.
In the futures market, maize prices were down from 3 – 7% over last week for Aug – Nov deliveries, but remained over Rs.10,000 per MT levels. Prices in Davangere SPOT market moved up by 6.8%, breached Rs.11000 per MT mark. Prices in Karimnagar and Nizamabad though were down by 1%. One of the reasons being attributed to a sudden price decrease is improvement in the monsoon coverage and some areas receiving wide-spread rains, which is likely to reduce the loss of yield. Even if farmers increase the speed of sowing in areas, which are receiving rains, the productivity will be affected.
Pearl Millet (Bajra) prices added 0.4% to its tally, reaching Rs.7900 per Mt at the market yard. The prices are 16% above last year values in the last week of July 2007. As the average prices are lower than maize by 14% thus generating interest to use Pearl Millet in rations and heavy buying is being done for delivering to South India, where average delivery prices are Rs.10000 – 10,500 per MT. Average Pearl Millet price for July 2008 was Rs.7440 per MT, against Rs.6580 per MT in July 2008, an increase of 13%.
Sorghum (Jowar) prices moved up by 5.6% to level at Rs.11,380 per MT at the market yard. Prices are about 15.4% higher than last year and 21% higher than maize. Average price for July 2008 at t he market yard was Rs.10,825 per MT, against Rs.9382 per MT in July 2007, an increase of 15.3%.
Barley prices were lower by 6.3% at the market yard this week, to level at Rs.10,290 per MT, but were higher than last year by 26.5%. Average prices for July 2008 were Rs.10,767 per MT almost 49.5% up against Rs.7200 per MT in July 2007.
Corn prices on CBOT slipped further by $4 -5, per Mt to close at 4222.42 - $230 per MT. One the reasons attributed to lower prices is the good weather in the corn belt and in addition reports than Argentina may be reducing the export tax.
Poultry Processing and waste management
At a recent meeting held under the agies of Municipal Corporation of Delhi regarding increased number of bird hits at Delhi’s Indira Gandhi International Airport, the poultry and animal waste generated and dumped around the city of Delhi from the slaughtering at the poultry market and elsewhere in the city has been held culprit. In addition the Hindon airbase, which is a stone throw from the Poultry Market on NH 24, is also facing problems of bird hit, due to slaughter and dumping of poultry waste at the dumpsite.
The Municipal Corporation of Delhi (MCD) enacted a law in Nov 2004, wherein slaughter of birds within the city of Delhi was banned, but the law was not enacted. It is high time that GOI / MCD takes action on this.
A proper poultry processing plant set up in Delhi will not only provide safe poultry meat to the citizens and tourists in the area, but will also help in managing poultry waste, that will be generated and will be rendered (converted into a protein meal at high temperature and pressure) within the premises, before being trucked out.
Food safety will be a major concern during common wealth games in 2010 and Govt. of Delhi will be need to be ready to provide not only safe food to the athletes but also safe environment to one and all.
For the Beijing Olympics, China has already gone ahead and banned live bird sales in some areas. Also extensive monitoring of poultry production from breeders to slaughters to delivery trucks and the feeding regimen have been taken up. This is to ensure safe food not only to the athletes but also for the general public. Once the project is implemented,
DDGS can lower cost of production
Report from two universities in US (Auburn and Purdue) suggest that 10% use of DDGS in broiler rations with appropriate enzymes can increase efficiency of production. It can lower the feed cost by about $9 per MT (US standards). A trial conducted reported 8% better live weight gain in 56 days and also improvement in Feed Conversion Ratio (FCR) by 4 points.
DDGS, with 10% oil and 27% protein is the only combination source, which is being used effectively in many countries of the world to manage production costs. It can also be used in dairy feeds to provide concentrated form of energy and protein to high yielders and in case of fish feed as well.
New plants are coming online in USA and the supply situation is likely to ease. The price of DDGS delivered to South East Asia (closest Bankok) is about $325.
Amit Sachdev
India Representative
U S Grains Council
bluecross303@gmail.com
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