Concentrate feed facing €15/t hikes
Concentrate feed prices are set to increase by up to €15/t in the New Year, feed companies have warned.
Higher raw material costs are being blamed for yet another hike in dairy and beef ration prices.
However, the high feed charges have not hit demand. Feed sales are racing ahead of normal due to poor fodder quality and a shortage of feed stocks on farms.
Spokesmen for both Liffey Mills and Brett Brothers indicated that dairy and beef ration prices will rise, with figures of an extra €5-15/t being mooted.
Ration prices have already increased by as much as €140/t in the past two years, to an average of €320/t for bulk beef ration delivered and €330-340/t for dairy rations.
Wheat prices hit a historic high of €280/t in the past week on the LIFFE, and while soyabean price has fallen in the past month, it remains close to €480/t.
Despite the high price of feed, atrocious weather conditions in the summer of 2012 have driven massive demand for rations.
Sales of beef meal are running 20-35pc higher than normal, while dairy ration sales are up by as much as 50pc in some areas of the country.