NFM Feed supply back to normal in 2 weeks

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The National Flour Mills Ltd (NFM) has said the feed supply is expected to be normalised in two weeks.
A release on Monday from the company said the animal feed market is currently facing shortages of some feed types.
The shortages are said to be due to several factors, both international and local.
NFM, like the other two local feed suppliers, imports raw materials for producing feed.
The release said corn and soybean meal are brought directly from international suppliers, and wheat middling is produced as a byproduct of flour production.
Owing to an extraordinarily high demand emanating from China, it said, there have been shortages of corn and soybean meal. This resulted in the unavailability of loading capacity at the ports in supplier countries and a three-to-four-week delay in shipments to Trinidad and Tobago and neighbouring countries.
Additionally, the cost of corn, soybean meal, and wheat have also risen significantly in the last two months.
"These delays have led to the unavailability of some feed products on the local market," the release said. "NFM is working to meet market demand. However, it is unable to fulfil all of the additional demand as a result of other local feed producers’ inability to produce their normal quantities."
The release said feeds which are heavily dependent on middling have also been affected, as demand is outstripping the usual supply from flour production.
"The current supply disruptions are expected to be rectified as raw materials have started arriving with more shipments expected in early January," the release said. "The situation is expected to return to normal in the next two weeks once there are no further shipment delays."
Despite NFM’s assurance, Mayaro MP Rushton Paray blamed the Government for the shortage on Tuesday.
A release from the opposition MP said the scarcity affects thousands of poultry and animal farmers across the country and could lead to a temporary shutdown of that important industry.
The real cause of the shortage, Paray said, is the absence of planning by the Government in light of an international buying spree by China and other countries to fuel their growing demands.
"Proper arrangements would have forestalled this crippling crisis. Instead, the relevant government ministries ignored the issues, and NFM made no effort to stockpile feed to avert the shortage," Paray said.
"There were no measures to assist domestic producers to boost their inventory," Paray said. "Instead, those producers were frustrated by the foreign exchange crisis and the demand from freight forwarders for payment in US currency."
He accused the ministries of Agriculture and Trade and Industry of blaming each other. He also accused NFM of pointing fingers at a local producer.
He urged the Government to put effective measures in place to avoid further shortages.
"Since animal feed could be produced from corn and rice, the Ministry of Agriculture should provide adequate incentives to farmers of both crops in order to expand their yields."
He called on the Trade and Industry Ministry to closely monitor international market developments to ensure there was no repeat of the shortage, urging that the "inefficiency and lack of planning" resulting in the present scarcity must never occur again.
The post NFM: Feed supply back to normal in 2 weeks appeared first on Trinidad and Tobago Newsday.

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