Bangladesh's poultry feed industry has called for a
ban on corn exports in an attempt to stabilize the domestic prices of poultry
and eggs, according to reports, saying that rising feed prices will
otherwise continue to affect the market.
Poultry feed prices have increased 80 to 100 percent in the last month, said
Feed Industry Association of Bangladesh President Ihtehsham B. Shahjahan. Right
now, the government allows for conditional corn exports — an exporter can sell
to another country if they can get a minimum price of US$325 or more per metric
ton.
Breeders' Association of Bangladesh President
Moshiur Rahman said there has been a price increase in corn, soya and other raw
materials for poultry feed in the international market due to a significant
decrease in corn production caused by natural disasters. As a result, the prices
of eggs and chicken on the Bangladesh market have increased by nearly 40 percent
in the last year. "If the government does not impose ban on the export of the
locally produced maize, the poultry feed will be costlier and the prices of poultry birds and eggs will rise further," said Rahman.
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