Higher input costs led feed prices upwards, trade expert Aditya Mishra told The Hindu Business Line. Dearer soybean meal, mainly pushed feed prices up, he said. Prices of feed products have increased by INR25-75 for a 50-kg bag.
Traders expect that if soyameal continues to rally, feed prices may increase further in the coming days. In the physical market, soyameal went up by INR1,400 to INR38,000 a tonne, while bajra dropped by INR1,200 and sold at INR13,000 a quintal.
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