Bangladesh poultry feed industry calls for corn export ban

Bangladesh's poultry feed industry has called for a ban on corn exports in an attempt to stabilize the domestic prices of poultry and eggs, according to reports, saying that rising feed prices will otherwise continue to affect the market. Poultry feed prices have increased 80 to 100 percent in the last month, said Feed Industry Association of Bangladesh President Ihtehsham B. Shahjahan.

Bangladesh's poultry feed industry has called for a ban on corn exports in an attempt to stabilize the domestic prices of poultry and eggs, according to reports, saying that rising feed prices will otherwise continue to affect the market.

Poultry feed prices have increased 80 to 100 percent in the last month, said Feed Industry Association of Bangladesh President Ihtehsham B. Shahjahan. Right now, the government allows for conditional corn exports — an exporter can sell to another country if they can get a minimum price of US$325 or more per metric ton.

Breeders' Association of Bangladesh President Moshiur Rahman said there has been a price increase in corn, soya and other raw materials for poultry feed in the international market due to a significant decrease in corn production caused by natural disasters. As a result, the prices of eggs and chicken on the Bangladesh market have increased by nearly 40 percent in the last year. "If the government does not impose ban on the export of the locally produced maize, the poultry feed will be costlier and the prices of poultry birds and eggs will rise further," said Rahman.

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