ArticleOpen Access http://dx.doi.org/10.26855/ijfsa.2022.09.015
Determinant Factors Affecting the Price of Feed Ingredients in Ethiopia
Erdaw Weldes
Department of animal feed processing research, Livestock Development Institute, Bishoftu, Ethiopia.
*Corresponding author: Erdaw Weldes
Published: September 16, 2022
Abstract
The study was conducted to identify the important factors affecting the price of feed ingredients on the selected area of the country for six weeks. Data were collected from different feed ingredient suppliers, flour and oil factories and feed processing companies. As the study indicated that supply was the determinant factor significantly affecting the price of most feed ingredients. The price of maize and wheat by products were affected by human competition for food commodity followed by low supply of these feed ingredients. Maze and wheat are used for human consumption and the price is reasonably increased from time to time. Except price of mineral premix, market related problems were significantly affecting the price of maize, oilseed cakes and wheat by products. Therefore, the price of feed ingredients mainly varies due to low supply, market related issue and human competition for food commodity but needs further investigation in the future.
Keyword
Feed Ingredient, Price, Supply, Market
References
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Copyright
© 2022 by the author(s).
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How to cite this paper
Determinant Factors Affecting the Price of Feed Ingredients in Ethiopia
How to cite this paper: Erdaw Weldes. (2022) Determinant Factors Affecting the Price of Feed Ingredients in Ethiopia. International Journal of Food Science and Agriculture, 6(3), 340-342.
DOI: http://dx.doi.org/10.26855/ijfsa.2022.09.015