Kenya: Animal Feed Cost Jumps On Weakening Shilling

Published 2020년 12월 11일

Tridge summary

The article highlights a significant increase in the cost of animal feed in Kenya, with prices rising by Sh200 across different types of feed due to high costs of supplements like soya meal and sunflower cake, and the weak shilling. This situation is expected to persist until February 2021, leading to higher costs for animal products that consumers will ultimately bear. The rise in feed costs is attributed to increased importation expenses due to the depreciating shilling and higher costs of essential supplements. Furthermore, the article notes a reduction in operations by grain millers, leading to a shortage of by-products used in animal feed manufacturing, which has further driven up feed prices.

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Original content

The price of animal feed has shot up by Sh200 across different meals on account of high cost of supplements and a weak shilling, setting stage for expensive animal products for consumers. The cost of feed supplements such as soya meal, which is normally imported from Malawi, Zambia and Uganda has gone up from Sh53 to Sh65 for a kilo while sunflower cake that is mainly imported from Tanzania is now selling at Sh30 from Sh25 a kilo. Mr Joseph Karuri, chairman of the Association of Kenya Animal Feeds Manufacturers says the rising cost of these supplements has pushed up the cost of a bag of meal, with the situation expected to continue up to next year February. Rising cost "Importing has become expensive because of a weaker shilling against the dollar and the increasing cost of these key supplements that we must import," said Mr Karuri. The cost of a 70 kilogramme bag of chick mash has increased from Sh3,500 to Sh3,700, that of grower mash is now selling at Sh3,000 up from Sh2,800 and ...

Source: All Africa