The Poultry Association of Zambia (PAZ) says the prices of feed have started reducing because the kwacha has gained stability in the last two months.
PAZ Executive Manager, Dominic Chanda said increase in feed prices is determined by the valuation of the currency and as a result it affects the price of the soya cake for animal feed which is quoted in United States dollars.
“We have seen baking ingredients in the sock feeds go up because they are imported and this has led to the increase in feed prices as well as edible poultry products,” Mr Chanda said.
Mr Chanda told ZANIS in an interview that the low availability of maize also affected the increase in feed prices and these factors create hindrances for many farmers in their farming activities.
He stated that the closure of borders in some countries such as South Africa also led to the reduction of imports into Zambia hence the price of feed increased.
“Remember the price of feed went up and some farmers withdrew which led to the upward price adjustment in poultry products hence the market became competitive,” he said.
The poultry sector in Zambia, has witnessed a rapid growth triggering increased investments and competition, benefiting the consumers.
However, despite this growth, the sector has faced challenges hindering the development of the animal feed, feed input and poultry production due to the COVID-19 pandemic.
How much is a bag of chicken feed & how much is a chicken on the market right now?
KWACHA HAS GAINED STABILITY ???????????
WHATS HE SMOKING ??
Surely they are talking about the Malawian Kwacha.
Utunensu.
We want it to appreciate, rather than stabilise after depreciating terribly.
The issue is that the exchange rate should not be where it is, looking at where we are coming from.
Kwacha stablisation at this time doesnt make our economy any stronger but appreciation may do.
The Pula to the kwacha is 1 to 1.94
So deduce on your own the stability of the kwacha
prices of goods and services on sale n the country need to be quoted in local currency (Kwacha). It is not necessary to change prices on each fluctuation of the local currency. Rather, calculate the fundamental and price goods and services medium term basis. Price instability could leads to greater speculation and more inflation.. Use local currency because that is legal tender. benefits show in medium term. Take time to price goods and services. Take time to build local currency. Take time to build economy.
Price goods at medium term ???
All prices are based on the $$ then converted back
Would hate to join you in business my arm chair critic
Does the author think?
Ba Domy…
Chickens used to eat even before colonialism. Why do they have to eat imported food now?
In which kwacha has appreciated when pf took over power it trading at five kwacha..
This is where we are failing , imported products in chicken feed ???
That is why we are poor. Concentrating on roads and building yet you have to import ingredients for chicken feed ???
The gang forgot the basic ingredients to manufacture in Zambia and went got roads , as it was easier to steal….
That is the difference with this corrupt PF and UPND. Things like chicken feed were to have all igridients made and grown in Zambia.
This is Weed at its best
What stability? Has he seen the price of cement lately?
l thought stockfeeds were locally produced with local ingredients.
Give lungu the chicken feed
Two articles seriously contradict each other. Just check the very next article.
Baking ingredients for stock feed have to be imported?