The Association of Animal Feed Companies (GPMT) said that the current average price of animal feed is Rp 7,300 per kg in Indonesia

Published 2021년 4월 21일

Tridge summary

The Association of Animal Feed Companies (GPMT) in Indonesia has announced that the average price of animal feed is currently Rp 7,300 per kilogram, with prices ranging from Rp 7,000 to Rp 7,800 per kg. GPMT is working to offset the increased cost of raw materials, both local and imported, to help breeders. The industry's maize supply is decreasing, with the average absorption below 7 million tons per year. GPMT warns that importing feed could negatively affect the national feed industry, which has been self-sufficient for over 50 years, and could have a domino effect on other industries and millions of farmer and rancher families.

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

Original content

Reporter: Noverius Laoli | Editor: Noverius Laoli KONTAN.CO.ID - JAKARTA. The Association of Animal Feed Companies (GPMT) stated that currently the average price of animal feed in the field is Rp 7,300 per kilogram (kg). GPMT specifies that the real price for feed in the field is in the range of Rp. 7,000 - Rp. 7,800 per kg. GPMT Chairman Desianto Budi Utomo said that in the face of the increasing price of the main raw material for making feed, both local and imported raw materials, feed producers, members of GPMT, are trying hard to help breeders to continue their business. Desianto continued, currently, the average absorption of maize by GPMT members is below 7 million tons per year. The details, in 2019 amounted to 6.6 million tonnes and in 2020 amounted to 6.5 million tonnes. "With the assumption that the use of corn in the feed formula is only 40%," he said in a press release, Wednesday (21/4). According to Desianto, ideally the use of corn for several types of feed is 50%, ...

Source: Kontan