Even though maize prices may have dipped by 3.2% in the open market (Mandi) to Rs.8400 per Mt on average. Prices against last year are higher by 12.7%. Average price is Andhra Pradesh was reported at Rs.8240 per MT, while in Karnataka and Tamil Nadu it was reported at Rs.7970 per MT. Reports are that the deliveries are also less and in some cases quality is an issue. Average prices for the month of May were Rs.8472, 16.15% higher than last year and 2.2% higher than last moth (April 2009).
On NCDEX, Jun and July contracts were up by 1 – 1.5% to Rs.8950 and Rs.9250 per MT respectively. August contract was stable at Rs.9265 per MT. SPOT prices at Nizamabad were down by 1.33% to Rs.8300 range, while Davangere was also down up 1% to Rs.8164 per MT.
Pearl Millet (Bajra) prices also moved lower by 3.2% to Rs.8760 per MT, but remained higher than last year by 20.7%. Prices were also higher than maize by 4.1%. Averge May 2009 prices were Rs.8960 per MT, about 23.7% higher than last year prices and 0.56% higher than last month (April 2009).
Sorghum (Jowar) prices also moved lower by 2.6% in t he market yard, to Rs.10,000 per MT. Prices were higher than last year by 1.4% and higher than maize by 16%. Averaage prices for the month of May 2009 were Rs.10524 per MT, 2.31% higher than lastyear (May 2008), and 8.09% higher than last month (April 2009).
Evidently the pressure is on corn by all organized feed players and integrators as they are unable to use other grains like Pearl Millet and Sorghum in their rations. Some of the integrators have increased the corn usage in broiler ration to 62%. In layer ration the usage is kept at 47-50%. The individual farmers on the other side play with the formulation and try to use local grains.
Barley prices moved up by 6.3% at the market yard to Rs.8626 per MT, but prices were lower than last year by 27.6% Average prices for may 2009 were Rs.8626 per MT, about 17% lowwe than lastyear, but 6.76% higher than last month (April 2009).
On NCDEX, the prices moved up by 0.5% for July and Sept contract to Rs.9400 and Rs.9690 per MT respectively. While for October contract, prices were down by 6%. In 6he spot market (Jaipur), prices were lower by 1.2%.
In the US prices moved higher by 1.4 – 1.6% on CBOT for July to Dec contracts. July $171.72; Sept $175.66; Dec $180.77 per MT. FOB gulf values were also up to 191/195 for Jun-August deliveries. FOB PNW was also higher to $206/210 per MT for Jun-August delivery. Sorghum is trading at a discount to corn in the US and FOB gulf prices are $185/190 per MT.
DDGS prices have also moved up due to higher demand in the domestic as well as export markets. Current delivery to SEA region is indicated at $250 per MT. FOB gulf value for DDGS is $204 per MT.
The prices of cereals are higher than last year and will remain higher, skyrocketing prices of protein meals is another factor that is affecting the profitability of livestock and poultry farmers farmers by increasing the cost of production of meat, milk and eggs. As per SEA of India report, prices of almost all extractions are up by 30-46%, Peanut Extraction +30%, Soybean +34%’ Rapeseed/Mustard +37%, Sunflower +46%. Oilcake prices are also up by 10-23%. Sunflower +10%,; Rapeseed Mustard +21%; Peanut Cake +23%. All prices are against last year's May average prices. There is a need to provide alternate source of protein to safeguard the interest and livelihoods of many farmers who are involved in livestock farming, including poultry. The new oil seed crop is still 6 months away and the requirements are bound to go up, rather than coming down.
DDGS – protein meal of choice
Reports are that DDGS has become the protein of choice in US and also in the export markets, specially Japan, Taiwan, Malaysia etc due to increased Soybean meal prices.
There are several instances when farmers in countries have used DDGS in the ration and have been able to reduce feed costs, without affecting the efficiency of production. In some cases, efficiency has also increased.
USGC office in Japan has been working closely with some dairy farms, Kaneso Dairy Farm (500 head milking+250 heifers), being one of them, which has been using 10% DDGS in their feed. The current production of milk per animals is 32 kg per head per day and has not beed affeted by the inclusion.
Another feed company ZEN-NOH, imports DDGS and supplies compounded feed to the dairy operations, containing 10-15% DDGS. Reports suggest that the DDGS fed cows produce same or better production levels against non DDGS fed animals. And the feed costs are also significantly lower.
The Council’s local dairy feed expert Hiroaki Igarashi says, the cows think DDGS is “udderly delicious” and the Japanese dairy farmers see the immediate reduction in their feed bill, which is important as well.
On NCDEX, Jun and July contracts were up by 1 – 1.5% to Rs.8950 and Rs.9250 per MT respectively. August contract was stable at Rs.9265 per MT. SPOT prices at Nizamabad were down by 1.33% to Rs.8300 range, while Davangere was also down up 1% to Rs.8164 per MT.
Pearl Millet (Bajra) prices also moved lower by 3.2% to Rs.8760 per MT, but remained higher than last year by 20.7%. Prices were also higher than maize by 4.1%. Averge May 2009 prices were Rs.8960 per MT, about 23.7% higher than last year prices and 0.56% higher than last month (April 2009).
Sorghum (Jowar) prices also moved lower by 2.6% in t he market yard, to Rs.10,000 per MT. Prices were higher than last year by 1.4% and higher than maize by 16%. Averaage prices for the month of May 2009 were Rs.10524 per MT, 2.31% higher than lastyear (May 2008), and 8.09% higher than last month (April 2009).
Evidently the pressure is on corn by all organized feed players and integrators as they are unable to use other grains like Pearl Millet and Sorghum in their rations. Some of the integrators have increased the corn usage in broiler ration to 62%. In layer ration the usage is kept at 47-50%. The individual farmers on the other side play with the formulation and try to use local grains.
Barley prices moved up by 6.3% at the market yard to Rs.8626 per MT, but prices were lower than last year by 27.6% Average prices for may 2009 were Rs.8626 per MT, about 17% lowwe than lastyear, but 6.76% higher than last month (April 2009).
On NCDEX, the prices moved up by 0.5% for July and Sept contract to Rs.9400 and Rs.9690 per MT respectively. While for October contract, prices were down by 6%. In 6he spot market (Jaipur), prices were lower by 1.2%.
In the US prices moved higher by 1.4 – 1.6% on CBOT for July to Dec contracts. July $171.72; Sept $175.66; Dec $180.77 per MT. FOB gulf values were also up to 191/195 for Jun-August deliveries. FOB PNW was also higher to $206/210 per MT for Jun-August delivery. Sorghum is trading at a discount to corn in the US and FOB gulf prices are $185/190 per MT.
DDGS prices have also moved up due to higher demand in the domestic as well as export markets. Current delivery to SEA region is indicated at $250 per MT. FOB gulf value for DDGS is $204 per MT.
The prices of cereals are higher than last year and will remain higher, skyrocketing prices of protein meals is another factor that is affecting the profitability of livestock and poultry farmers farmers by increasing the cost of production of meat, milk and eggs. As per SEA of India report, prices of almost all extractions are up by 30-46%, Peanut Extraction +30%, Soybean +34%’ Rapeseed/Mustard +37%, Sunflower +46%. Oilcake prices are also up by 10-23%. Sunflower +10%,; Rapeseed Mustard +21%; Peanut Cake +23%. All prices are against last year's May average prices. There is a need to provide alternate source of protein to safeguard the interest and livelihoods of many farmers who are involved in livestock farming, including poultry. The new oil seed crop is still 6 months away and the requirements are bound to go up, rather than coming down.
DDGS – protein meal of choice
Reports are that DDGS has become the protein of choice in US and also in the export markets, specially Japan, Taiwan, Malaysia etc due to increased Soybean meal prices.
There are several instances when farmers in countries have used DDGS in the ration and have been able to reduce feed costs, without affecting the efficiency of production. In some cases, efficiency has also increased.
USGC office in Japan has been working closely with some dairy farms, Kaneso Dairy Farm (500 head milking+250 heifers), being one of them, which has been using 10% DDGS in their feed. The current production of milk per animals is 32 kg per head per day and has not beed affeted by the inclusion.
Another feed company ZEN-NOH, imports DDGS and supplies compounded feed to the dairy operations, containing 10-15% DDGS. Reports suggest that the DDGS fed cows produce same or better production levels against non DDGS fed animals. And the feed costs are also significantly lower.
The Council’s local dairy feed expert Hiroaki Igarashi says, the cows think DDGS is “udderly delicious” and the Japanese dairy farmers see the immediate reduction in their feed bill, which is important as well.
Amit Sachdev
India Representative,
U S Grains Council
usgcindia@gmail.com
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