High Feed Price Weighs Down Poultry Issuers’ Performance

The performance of poultry companies in the first 9 months of 2023 has been adversely affected by the rise in animal feed prices, which is impeding their ability to achieve annual profit growth.

Rizqi Rajendra

6 Nov 2023 - 19.08
A-
A+
High Feed Price Weighs Down Poultry Issuers’ Performance

PT Charoen Pokphand Indonesia Tbk factory. Photo/JIBI/Company Documentation.

Bisnis, JAKARTA—The performance of poultry companies in the first 9 months of 2023 has been adversely affected by the rise in animal feed prices, which is impeding their ability to achieve annual profit growth.

The performance of poultry companies, including PT Charoen Pokphand Indonesia Tbk. (CPIN) and PT Japfa Comfeed Indonesia Tbk. (JPFA), showed a collective decrease in net profit by the end of September 2023. However, PT Malindo Feedmill Tbk. (MAIN) managed to reverse losses and achieve profits during the same period. (See infographics)

According to Bloomberg data as of Friday (3/11), corn prices decreased by 0.43% to reach $468 per bushel, while the price of soybean meal dropped by 0.16% to $425.6 per ton. Prices of raw materials for animal feed displayed notable fluctuations throughout the year.

CPIN, JPFA, and MAIN operate as integrated poultry companies, encompassing various segments including the upstream sector, such as feed and day-old chicken (DOC), the middle sector involving broilers, and the downstream sector comprising processed chicken products.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Aprilian Hermawan
company-logo

Lanjutkan Membaca

High Feed Price Weighs Down Poultry Issuers’ Performance

Dengan paket langganan dibawah ini :

Tidak memerlukan komitmen. Batalkan kapan saja.

Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.

Copyright © Bisnis Indonesia Butuh Bantuan ?FAQ
Kembali ke Atas
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.