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May 23, 2021 × Domestic prices have moved more than 100% in the last year, while global rates are just half of Indian prices All India Poultry Breeders Association (AIPBA) on Sunday urged the government to allow duty free import of 12 lakh tonnes of soyabean meal by feed millers until September this year citing the impact of escalated soyabean prices in the domestic market. “Indian soyabean prices have moved more than 100 per cent in the last year. From ₹36,420 per tonne to over ₹81,000 per tonne. Whereas the prices in the international market are just half of the Indian soyabean and soyameal prices. It means that the cost of production for the small poultry farmer has gone up by ₹45 per kg,” AIPBA chairman Bahadur Ali said in a letter to Animal Husbandry Minister Giriraj Singh. ....
US feedlot finishers will see surge in feed costs if grain price increases are sustained. In Ireland we think of grass as the staple feed of our livestock and dairy sectors, with grain the feed used in the intensive pig and poultry meat sectors. However, grain is an essential feed for beef produced in both the US and Australia, two of the top three global beef exporters, each trading over 1m tonnes. The same applies to Canada, which exported 409,000t of beef in 2019. Grain-fed beef is premium product Grain-fed beef is regarded as the premium beef product in global markets outside South America and Europe. ....