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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