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| The demand for baby chicks and animal feed has risen significantly for the first half of the year,Andre Branch Dolphins Jersey,raking in a windfall for the Guyana Stockfeeds Inc.Sales revenue,Wholesale Authentic Jerseys, the company said in its half yearly report published on Friday in Kaieteur News, grew by 15 per cent to $4B,NBA Authentic Jerseys, higher than the same period in 2011. “All sectors showed increases in volume with feed and day old chicks leading the way.”Guyana Stockfeeds, the largest feed producer in Guyana, noted in the published report of Robert Badal, its Chairman, that there were no price increases during the period as the company was able to cushion escalation in grain prices with forward contracts.“Profit before tax grew 27 per cent to $175M while profit after tax grew by 36 per cent to $120M.”However, the company warned that the second half of 2012 does not look so good,http://www.airmaxfantasy.us.com/574-New-Balance/, as grain prices on the international market have moved more than 60 per cent since the start of the year and continue to move higher every day.“The prolonged drought in the United States mid-west and elsewhere have reduced yields significantly with impact on prices. This situation of high prices of raw material inputs is projected to continue well into the second half of 2013.”Government and consumers alike would be paying keen attention to the company as a significant portion of animal feed and baby chicks are the source for broiler chicken,Cheap Jerseys Free, the main source of protein for Guyanese.In recent months though,China Jerseys Cheap, poor quality imported hatching eggs and feeds reportedly caused many a small farmer to pull out of the business as mortality rates and feed prices escalated.This led to perceived shortages with prices of chicken touching $400 per pound along the coast and almost $1,000 in some hinterland locations.Government reacted by issuing 12 licences for the importation of chicken. |
