News last update:6 Aug 2012

Cheap animal feed for Barbados farmers

Two businessmen in Barbados have joined forces to offer farmers in the country cheaper feed and a market for their products.

Andrew Bynoe, managing director of Emerald City and Carlton & A-One Supermarkets, and LaRon Gibbs, managing director of Cheapside Supplies, are now importing all types of animal feed out of Jamaica and they are selling it, in some cases, at almost 25% cheaper than current market prices.

Bynoe told the Daily Nation they had sourced the feed from New Port Mills Ltd in Jamaica and the first shipment arrived a month ago. "We are looking at reducing the cost of feed to farmers and we are able to do this at prices below the current prices," he said, adding they were importing feed for pigs, horses, dogs and chickens.

Gibbs, a veteran in the wholesale business, said the reason they were able to offer the feed cheaper was because the production cost in Jamaica was much lower than in Barbados. He said they met with the farmers and the latter were happy about the prices and the quality of the feed.

He added that they would also have a ready market for farmers who purchased feed from them. "We have entered into a programme with them where they can come and get the feed from us, raise the animal and we will provide the market for their product," Gibbs stated.

Meanwhile, management of Pinnacle Feeds Limited, the leading local producer of animal feed, said they were not worried about the new competition.

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