date:May 23, 2014
ecast by 14.7 per cent in 2014 and 12.5 per cent in 2015.
Feed mill raw material cost has been rising higher than expected. Smaller amount of corn and soybean meal products has been sold in the market as a result of worldwide unfavorable weather for feed production.
Corn price has leapt by 24 per cent from end- 2013, and soybean meal price has risen by four per cent qoq. Thus, CPF would suffer high risk as corn and soybean meal cost makes up 40 and 24 per cent of its raw material cost, respect