Indonesia's domestic poultry feed goes up as world forage price rises

Published 2021년 1월 23일

Tridge summary

A virtual seminar, Poultry Indonesia Forum 7th edition, was held to address the challenges posed by increased feed prices in the poultry industry, attributed to higher costs of imported feed ingredients. The government is subsidizing import duties and VAT, and conducting research for alternative feed ingredients to reduce dependence on imports. The seminar also highlighted the need for transparency in feed prices and corn purchases by feed mills. The poultry industry and feed factories were encouraged to improve competitiveness and develop feed formulations with alternative ingredients. The use of protease enzymes in feed was suggested as an alternative solution to optimize the nutritional value of feed ingredients and reduce production costs during increased feed prices.

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

Original content

POULTRYNDONESIA, Jakarta - The increase in feed prices that occurred in the last few months has again become a challenge for breeders amid optimism that the poultry industry will improve after going through tough conditions in 2020. Seeing this phenomenon, Poultry Indonesia magazine took the initiative to hold a virtual seminar on the Poultry Indonesia Forum (PIF) 7th edition with the theme "The Impact of Increased Feed Prices on Poultry Farming" through the Zoom application, Saturday (23/1). In his presentation, drh. Makmun Junaiddin, M.Sc as Director of Feed, PKH Directorate General, revealed that the increase in feed prices has become something that has been frequently discussed in recent times. The increase was due to the increase in the price of imported feed ingredients, the proportion of which is around 35 percent in poultry feed. "In response to this, the government has subsidized import duty and VAT so that importers do not bear these costs. Then, through R & D, we also ...

Source: Poultry