Price A chunk is clearly on the rise

The price of standard chunk A increased by €0,40 to €21,95 per 100 kilos, putting the price at the highest level since the end of 2014. The price of protein-rich chunks (B) also increased by €0,25 to €24,60 per 100 kilos. The compound feed price indicator does not foresee this upward trend continuing. Stable to slightly increasing feed prices can be expected over the next 6 months. 

Commodities rising rapidly
In the composition of standard pellet A, wheat, corn and barley are the dominant raw materials. Prices have risen sharply in recent weeks. For example, the price of EU feed barley (Rotterdam) has increased by €9 per tonne, while the EU corn price has increased by €12,50 to €181 per tonne. Wheat is also picking up and rose by €13 to €6 per tonne in 175 weeks. These price increases put pressure on bulk prices.

During the growing season the weather influences play more strongly. However, excessive price increases should not be expected. Without weather complications, the wheat price on the Matif is likely to move between €160 (lower limit) and €167 per tonne (upper limit). Since European winter wheat appears to be of excellent quality, the supply later in the season is likely to have a price-decreasing effect rather than a price-increasing effect. However, the uncertainty factor is quite large.

The important joint materials have risen quickly