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What is the reason for crazy price increasing for feed ingredients?

Hubei Srikro Technology Co.,Ltd
Time: 2021-08-27
New Hope, Pig Taifu, Longfeng Tire and other feeding companies have a new round of increase of 100-350 yuan/ton

    

The Raw materials increasing will expand the inflation of Feed ingredients


On January 21st, feed ingredients continued to rise. Soybean meal in coastal areas exceeded 4,000 yuan/ton, corn also stood at a high level of 3,000 yuan/ton. Xiangyang New Hope Liuhe, Gaoan Pig Taifu, Kunming Dragon and Phoenix Tire, Jinjin Feed and other enterprises Once again announced the price increase information, the increase of pig feed products is between 100-350 yuan/ton. Come and see the specific situation!


    According to National Granary data, as of January 20, the national average soybean meal price has risen to 3,887 yuan/ton. The price difference between north and south is large. The mainstream price of coastal soybean meal is close to 4,010 yuan/ton; the price of corn has risen to 2,867 yuan/ton. Shanxi and other places broke through 3000 yuan/ton.

    

    According to feedback from industry insiders, the price of 46% CP soybean meal has risen from RMB 3,625/ton to RMB 4,670/ton from December 15, 2020 to January 15, 2021, in just one month, which is very crazy. Corn also rose from 2520 to 3000 yuan/ton, a monthly increase of 19%.   


Feed ingredients manufactures announced that price increases

    Although it has only been 21 days since the beginning of the year, dozens of companies have announced price increases, and some companies have even increased their prices twice in a week! Liu Dongliang, chairman of Jiangxi Zhutaifu Feed Co., Ltd., told the reporter of Agricultural Finance Baodian that the large-scale price increase of feed companies is mainly due to the continuous increasing in raw material prices. In the epidemic environment, raw materials are tight, New Year’s stocking, foreign exchange and Sino-US relations are all affected. Factors of price movements.

    

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