Animal feed prices hit a new high

Animal feed. FILE PHOTO | NMG

The scaling down of operations by millers has created a shortage of the by-products needed for making animal feed, pushing up the price of the key supplements and setting the stage for higher costs for farmers.

Maize and wheat millers have cut down on processing because of slow moving stocks of flour on retail shelves, which has left them stuck with large quantities of unsold product.

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