Nutrition

News 1176 views last update:6 Aug 2012

Price monitor shows strong increase in soybean price

The average price of raw materials (in France) incorporated for animal feed increased by 3.2% in June 2012 and 8% year on year. Primarily responsible for this increase is soybean meal, according to data of Coop de France.

The price of soybean meal from Lorient stood at €423 per tonne in June 2012, up 4.9% compared to May and up 42.6% over the year indicates Coop de France animal nutrition in its monthly scorecard of 5 July 2012.
 
Most other raw materials were also up:

Raw material
Harbour/origin
Price/tonne June
Difference to May
Difference year on year
Soybean meal
Lorient
€ 423
+ 4.9%
+ 42.5%
Rapeseed meal
Rouen
€ 273
+ 2.7%
+ 32.5%
Sunflower cake
Bordeaux
€ 210
+ 7.4%
+23.8%
Wheat
Brittany
€ 225
+ 3%
+ 2.6%
Barley
Brittany
€ 207
- 4.6%
+ 1.1%
Maize
Brittany
€ 224
+ 1.5%
- 7.6%
Index prices from IPAA for raw materials in animal feed increased by 3.2% in June and 8% year on year. ITAVI calculated that the cost of raw materials used in feed for chickens rose 2.6% in June and 3.6% year on year. And the index of the IFIP price of pig feed growth rose 1.9% in June (-0.4% yoy).

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