Soya cake prices double

• Price of soya cake doubled from about K300 per 50 kilogram bag last year to K600 in 2021.
• The country might not be able to see a reduction in Chicken feed prices this year.
• If the cost of feed continues to rise, prices of commodities that use feed will also become high.

Poultry Association of Zambia (PAZ) says the country might not be able to see a reduction in Chicken feed prices this year due to the high price of Soya cake which is used in the production of feed.
Speaking in an interview with Money FM News, Association General Manager Dominic Chanda disclosed that at the beginning of the Market Season, the price of soya cake doubled from about K300 per 50 kilogram bag last year to K600 in 2021.
Mr Chanda said the other factor affecting the feed industry is the influx of foreign Nationals that flock into the country to mop up Soya beans because the commodity is very cheap on the export market due to the devaluation of the Zambian Kwacha.
He stated that if the cost of feed continues to rise, prices of commodities that use feed will also become high.
“It is very likely that the price of soya beans and the soya cake that is used to produce feed will continue to rise if Government does not regulate the export of soya beans and curb illegalities of the export of the commodity,” Mr Chanda noted.
He explained that if the feed producers do not have enough maize and Soya beans to produce feed, the price of feed will continue to rise as well, hence the need for the government to stock soya beans and maize harvested this year for the Zambian farmers to benefit.
“What happened last week where 70 trucks carrying soya beans were impounded due to suspected smuggling is very sad and must not re-occur for the benefit of the country,” he said.

More From Author

World Bank urges Zambia to capture other benefits beyond mining sector

• World Bank is committed to supporting African countries to translate Africa’s mineral wealth into…

Read More

Kwacha gains should benefit consumers – BuyZed

• This is to ensure that consumers begin to enjoy what is produced locally.• Manufactures…

Read More

SEC attributes decline in Q4 bond trades to delayed debt restructuring process

• One of the challenges is to do with the delays in finalizing the debt…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

IZB profit up 18.74% to K604.33 million

IZB has posted a K604.33 million Net Profit after tax for the year ended 31st…

Read More

Indo Zambia Bank declares K50 million dividend cheque

This is part of the K125 million dividend, the highest ever for 2023 financial year.…

Read More

Economist expects currency to hit K15 between April, December, 2024

  The Kwacha has been experiencing an unusual decline since introduction of the Export Proceeds…

Read More