PAAAFR reduces feed prices for livestock producers from March.
Price cut includes barley, hay and concentrated mixtures
The Acting Director General of the Public Authority for Agriculture Affairs and Fish Resources, Eng. Mishaal Al-Quraifa, announced, Monday, the reduction of feed prices, starting from the first of next March, for all livestock breeders and producers, reports Al-Jarida daily. Al-Quraifa said in a statement to Kuwait News Agency that the new prices would contribute to the return of stability to the local livestock and meat market and motivate breeders to increase their bids in order to achieve the state’s goals in enhancing food security.
He added that the price reduction includes both barley, hay and concentrated mixtures, and was reached with the authority’s efforts and joint coordination with the Kuwaiti Flour Mills and Bakeries Company based on the decline in the global feed stock market and the Russian-Ukrainian war, which severely affected the global grain and food market.
He thanked the Board of Directors of the Kuwait Flour Mills and Bakeries Company for their fruitful cooperation with the authority and for responding to the demands raised by it on behalf of the producers and breeders of livestock, wishing the continuation of the new prices because of the common interest that benefits both educators and consumers in general. He explained that the new feed prices will be implemented as of next March, as barley will be sold at 4 dinars, down from 4.250 dinars, straw from 4.950 to 4 dinars, mixtures and concentrates from 3.550 to 3.100 dinars, and center from 3.600 to 3.150.
Source- Arab Times.