Animal feed supplier Master Mix, has announced an increase in the price of its products effective Monday, April 4th.
General manager, Hamant Mahabir, via a release on Saturday, said since the company’s last price adjustment in February 2021, there were increases in the prices of feed ingredients, freight and operating expenses.
“In many cases, the percentage increases have been in double-digits. As a relatively small importer of commodities in the context of global trade, Master Mix has been impacted by the volatility in the market.”
Mahabir added that the company would continue to monitor the conflict in Eastern Europe and its impact on the global supply chain. He also assured customers that the company would strive for the most affordable prices of grains and other feed inputs without compromising quality.
The increases will affect feed for layers, broilers, dairy, pig and specialty feed for ducks, rabbits, sheep and goats, and whole and crack corn. It will also affect additives such as oyster shells, Tylan, Bluestone and Vitamin C.
This increase by Master Mix will also affect the cost of eggs as vice-president of the TT Table Egg Producers vice-president Dennis Ramsingh noted.
IN an interview with the Sunday Newsday, Ramsingh said that all Master Mix’s feed prices were increased by six to seven per cent and the company’s customer base was largely table egg producers.
He said as a result, egg prices would also increase from Monday although the organisation was still in discussions about the price range increase for corporate customers.
Ramsingh told the media house that for a little over a year there had been several increases that the farmers absorbed. They included a five per cent increase in imported chicks and a US$1,000 increase in the shipping for the chicks, over 100 per cent increases in litter, medicines, vitamins and vaccines, and two ten per cent increases in packaging.
He added, “We kept absorbing all those costs but now it’s unavoidable. We really can’t continue to do that anymore.”
COMMENTS