Kenya: Animal Feed Prices to Rise for Second Straight Month

Published 2021년 1월 13일

Tridge summary

Kenya's farmers are facing a surge in animal feed costs due to significant price hikes in key supplements like soya meal and maize germ. The price of soya meal has increased by Sh5 per kilo, reaching Sh70, while maize germ has seen a more substantial increase, from Sh22 to Sh28 per kilo. This situation is expected to worsen as the availability of maize in the country is predicted to decline in the coming months, leading to higher meal costs. Additionally, the weak shilling's performance against the dollar is likely to drive up the cost of imported supplements like sunflower cake. The reduction in millers' operations has also led to a shortage of byproducts, which has increased the price of other supplements. The Association of Kenya Animal Feeds Manufacturers is hopeful that the reopening of schools might boost flour demand, thereby increasing the quantity of byproducts from millers and potentially reducing the cost of these items.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Farmers are staring at yet another increase in the cost of animal feeds after the price of key supplements rose for a second time in a span of one month. Cost of items such as soya meal, which is normally imported from countries like Malawi, Zambia and Uganda have gone up from Sh65 for a kilo last month to Sh70, while a kilo of maize germ, which is normally acquired locally from millers has shot up to Sh28 from Sh22 previously. Mr Joseph Karuri, chairman of the Association of Kenya Animal Feeds Manufacturers, said the rising cost of these supplements has pushed up the cost of meals with the situation expected to worsen as the maize supply in the country is projected to tighten in the coming months. "We are heading towards tough times. This is just the beginning of higher prices as the cost of maize in the market is also going up with supplies expected to dwindle in coming months," said Mr Karuri. The cost of a 70 kilogramme bag of chick mash has now gone up from Sh3,500 to ...

Source: All Africa