NewsWhore
07-19-2012, 02:30 PM
Very much in spite of the complaints and the protests such as the "Chicken-free Day," on Tuesday, 17 July as a way of bringing down prices, it seems that the price of chicken will go up by RD$3 or RD$4 over the coming weeks.
Technical advisor to the Ministry of Agriculture, Manuel Gonzalez Tejera, predicted that the conditions are in place for such an increase, due to the drought that is affecting the United States. His analysis is based on the fact that the soy and corn harvests, the main raw materials for pork and poultry feed on the farms, are undergoing steep drops in production in the US due to unfavorable weather conditions and therefore, there has been a constant increase in their prices since last June. The United States produces 54% of the world's corn exports and 44% of soybean exports.
"The calculations report of the costs of production as of 16 July 2012 was made based on a price of a bushel of corn at US$6.80, and today it is at US$7.79; and the price of soy beans was calculated at US$450 a short ton (2000 pounds) and today it is above US$495," he pointed out. Gonzalez Tejera added that the fact that the national inventories of these products are coming to an end will oblige the producers to purchase them again in August and September at prices as much as 30% to 40% higher, and as a consequence, they will sell the poultry, in this case, at between RD$33 and RD$34 a pound, instead of the RD$29.00 it is at right now.
More... (http://www.dr1.com/index.html#8)
Technical advisor to the Ministry of Agriculture, Manuel Gonzalez Tejera, predicted that the conditions are in place for such an increase, due to the drought that is affecting the United States. His analysis is based on the fact that the soy and corn harvests, the main raw materials for pork and poultry feed on the farms, are undergoing steep drops in production in the US due to unfavorable weather conditions and therefore, there has been a constant increase in their prices since last June. The United States produces 54% of the world's corn exports and 44% of soybean exports.
"The calculations report of the costs of production as of 16 July 2012 was made based on a price of a bushel of corn at US$6.80, and today it is at US$7.79; and the price of soy beans was calculated at US$450 a short ton (2000 pounds) and today it is above US$495," he pointed out. Gonzalez Tejera added that the fact that the national inventories of these products are coming to an end will oblige the producers to purchase them again in August and September at prices as much as 30% to 40% higher, and as a consequence, they will sell the poultry, in this case, at between RD$33 and RD$34 a pound, instead of the RD$29.00 it is at right now.
More... (http://www.dr1.com/index.html#8)