News last update:6 Aug 2012

German mixed feed prices on the rise

The price of mixed feed in Germany rose in December, continuing the trend shown over the previous few months, according to German market analyst, ZMP.

Poultry feed prices saw a distinct rise, with suppliers upping their price forecasts upwards - in parts by a large amount. The short supply of maize has been blamed for the mixed feed price rise and analysts warned that prices are unlikely to come down in the short term.
In north Germany, over the next few months there will be brisk demand for dairy cattle feed. In the south, the mild weather has led to a better-than-expected supply of basic feed, leading to decreased demand for mixed feed. However, pig farmers are now swaying from feeding their pigs with increasingly-scarce self-produced grain to mixed feed.

Rape meal more expensive
Sales of rapeseed meal were down towards the end of the year as the strong price tendency continued. In the north, supplies are tight, with prices for the February/April contract in Hamburg hovering at around €120/t. In northeast Germany, prices have risen to €129/t.
Processors are now increasingly turning their focus towards soybean and sunflower seeds following the expansion in processing capacity and limited availability of rapeseed. The spot price of sunflowers in Riesa is stable, at around €98/t.

High soybean prices
While current European soybean prices are relatively high, imported soybean is becoming ever more attractive to EU processors because of the weak US dollar. The cost of Brazilian soymeal in Rotterdam (48% cif) stood at around €198/t in October, but fell to an average €188/t in December. Soymeal prices on the Chicago Board of Trade are also stable, hovering around the €155/t and €160/t mark.

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