Pinnacle feeds has been applauded for its positive response to farmers’ concerns.
President of the Pig Farmers Association Henderson Williams made that point as he welcomed the three per cent price reduction on feed which is expected to take effect next month.
“We’re excited to see another decrease in the price of feed, certainly coming from Pinnacle. We are very active in ensuring that we get the best offers and opportunities for our membership.
“We have seen the movement downward over the last few years and months, and we’re happy that Pinnacle has been reaching out to the farmers and hearing our cry,” Williams said during a press conference yesterday at the Barbados Agricultural Society’s headquarters, The Grotto, St Michael.
He pointed out that the reduction was critical considering how much the production process relied on quality feed.
“This is the 2020-2021 price range that we are at now and that’s excellent because as you are well aware, between 75 to 80 per cent of the production cost of bringing an animal to market is really feed cost.
“Pinnacle is tested and proven over time to deliver a quality feed, and growth
rate is very important in production for our livestock and our birds. It’s absolutely important, and in terms of their formulation, we’ve had tremendous success,” he added.
Last Thursday, managing director at Pinnacle Feeds Rakeesh Bernard said the cut would be executed as the company committed to pass on price reductions to customers following continued decreases in international grain prices.
“We are committed to passing on these savings to our customers whenever possible, and we will continue to monitor global commodity prices closely and make adjustments accordingly if international prices continue to trend downwards,” he said. (TG)
