Feed News from Asia

Ministry aims for lower animal feed prices

HA NOI — The Ministry of Agriculture and Rural Development (MARD) continues to petition the Government for a reduction in import taxes on animal feed due to escalating world prices, said Department of Animal Husbandry director Hoang Kim Giao.

In MARD’s meeting discussing solutions to the problem of animal feed prices yesterday, the ministry made plans to convince the Government to allow foreign-invested companies in Viet Nam who import unprocessed materials for animal food processing to sell these materials to all processors. The current regulations allow them selling imported materials to distributors only.

Tags · Vietnam · Animal Feed Prices · Import Tax · Animal Feed Additives

• Continue reading • Comments (0) 14.12.2007. 01:38

Catlle feed unit to be bought out by Japanese Snow Brand Milk

Snow Brand Milk Products Co. (TSE:2262) said Tuesday that it will turn feed subsidiary Snow Brand Seed Co. (TSE:2057) into a wholly owned unit through a tender offer.

Increasing its stake to 100 per cent from the current 50 per cent is expected to help Snow Brand Milk cut costs by establishing an integrated operation whose scope ranges from feed production to dairy product sales.

Tags · Cattle Feed · Japan · Buy Out

• Continue reading • Comments (0) 13.12.2007. 11:06

Animal-feed prices soaring

The price of animal-feed raw materials has surged this year, due mainly to the high demand for fuel crops.

Hardest hit have been pig farmers, who face rising costs of feed but also a fixed selling price.

Increasing commodity prices, particularly crops used to produce alternative energy, have created trouble for livestock raisers, Yanyong Phuangrach, director-general of the Internal Trade Department, said yesterday.

For instance, the price of soybean meal has jumped almost 50 per cent, from Bt10 to Bt11 per kilogram early this year to Bt16.50 now. The maize price has increased 9.1 per cent to Bt8.15 per kilogram, from Bt7.47 in January.

Tags · Animal feed · Prices · Thailand · Bio-fuel

• Continue reading • Comments (0) 08.12.2007. 22:45

CPM acquires processing company in China

CPM Acquisition Corporation (CPM), a leading supplier of processing equipment to the animal feed, oilseed, biofuels, food processing, and plastics compounding industries, has announced the acquisition of Nanjing Ruiya Polymer Processing Equipment Co., Ltd. of Nanjing, China.

Following completion of the acquisition, the CPM Ruiya Extrusion division will be aligned with CPM Century Extrusion. The acquisition will significantly expand CPM’s portfolio of primary processing equipment for markets served by compounding extrusion technologies and extends the existing CPM global solution network in Asia. CPM will continue manufacturing at all existing locations and will continue the production of all existing product lines.

Tags · CPM acquires processing company in China

• Continue reading • Comments (0) 06.11.2007. 07:05

Egg prices surge 30% on costly chicken feed

TAIPEI, Taiwan -- The delivery price for eggs has soared 30 percent to NT$25.2 per catty from NT$19.5 posted in the beginning of October, due mainly to sharp rise in chicken feed prices, according to the Council of Agriculture (COA).

Huang Ying-hao, director of the Animal Industry Department under the COA, said that the international corn price has galloped all the way since the fourth quarter of last year, causing the price of corn feed for chickens to keep soaring.

As a result, the production cost per catty of eggs has surged to a high of NT$21 to NT$23 from NT$15 posted late last year.

On another front, the daily egg supply has decreased by 2,000 to 3,000 boxes (one box contains 200 eggs) due to seasonal factors. The result is that the egg retail price has soared to NT$34 per catty from NT$25 seen two weeks ago. This translates to a hike of NT$1 for one egg, plaguing many consumers and restaurants.

Tags · Egg prices surge 30% on costly chicken feed

• Continue reading • Comments (0) 26.10.2007. 06:45