National Flour Mills Limited (NFM) has advised the general public that the animal feed market is currently facing shortages of some feed types due to a number of factors in both the international and local operating environments.
In a release, NFM noted that the company, like the other two local feed suppliers, imports raw materials for producing feed, noting that corn and soybean meal are bought directly from international suppliers and wheat middling is produced as a by-product of flour production.
The company noted: “Shortages of corn and soybean meal are currently being experienced due to an extraordinary high level of demand emanating from China resulting in the unavailability of loading capacity at the ports in supplier countries and a 3-4 week delay in shipments to T&T and neighbouring countries.”
In addition to supply shortages, NFM noted that the cost of corn, soybean meal and wheat have also risen significantly in the last two months.
According to the NFM, these delays have led to the unavailability of some feed products on the local market.
The company said that it is working to meet market demand, however, it is unable to fulfil all of the additional demand as a result of other local feed suppliers’ inability to produce their normal quantities.
It noted: “Feeds, which are heavily dependent on middling, have also been affected as current demand now outstrips the usual supply from flour production.”
NFM added that the current supply disruptions are expected to be rectified as raw materials have started arriving with more shipments expected in early January. It said that the situation is likely to return to normal in the next two weeks once there are no further shipment delays.
