Animal feed business to grow 12 % in 2014

Animal feed business to grow 12 % in 2014

 

The animal feed business is expected to grow by 10-12 percent this year on the back of increasing demand for chicken, according to a national association.

 

They said large election-related gatherings this year would contribute to heightened demand for chicken dishes — one of the most common sources of protein for Indonesians.

 

Desianto Budi Utomo, secretary general for the Indonesia Animal Feed Producers Association (GPMTI), said the group projected the animal feed business to grow 10-12 percent this year, compared to 9 percent last year.

 

“There will be more food orders to caterers, and chances are there will be meat on the menu. This will surely boost poultry demand, and positively impact animal feed enterprises as well,” Desianto said over the weekend.

 

He added that the continued growth of the nation’s economy and middle class would also contribute to the growth of animal feed industry.

 

“The country is estimated to maintain growth above 5 percent this year, and that is actually quite good because it ensures that Indonesians’ purchasing power will remain strong and keep them consuming meat products,” he said.

 

According to him, the country would see its animal feed production rising to 15.5 million tons this year.

 

Last year, the country produced about 14.8 million tons of animal feed.

 

Desianto, who is also the deputy director of the country’s biggest animal feed producer, PT Charoen Pokphand, said his company was set to see its revenue grow by about 12 to 15 percent this year.

 

He added that his company was looking to build 8 new processing facilities in 2014 and 2015.

 

The publicly listed Thailand-based firm now operates seven feed mills.

 

The company has yet to publish its 2013 annual results, but previous reports said that it was upbeat it had reached its 15 percent growth target for 2013, equal to Rp 24.51 trillion (US$2 billion) in revenue.

 

A recent report published by investment consultant Investa Sarana Mandiri advises investors to keep an eye on stocks of publicly listed animal feed companies.

 

Historically, meat consumption — especially chicken — increases significantly during an election year.

 

Usually, 70 percent of the country’s gross domestic product [GDP] goes toward consumption during a political year, with 50 percent of that being for food,” said Kiswoyo Adi Joe, an analyst with the firm.

 

“Here is where we almost always find chicken in the main course.”

 

(JP/Anggi M. Lubis)

 

(The Jakarta Post, 4 Tuesday February 2014 The Roman)

 

News: Flood

News: Flood

 

[caption id="attachment_9346" align="alignnone" width="400"] (Photo AFP, Nicolas Asfouri)[/caption]

 

Floodwaters

 

Two young women walk through floodwaters in Kabin Buri, east of Bangkok.

 

(AFP - Nicolas Asfouri)

 

(Agence France-Presse, 11 Friday October 2013 The Roman)

(Edited: R.S.F. toshiki speed news press, Agence France-Presse, 13 Sunday October 2013 The Roman)

 

News: The Roman Empire Military in our memory

News: The Roman Empire Military in our memory

 



 

Rameurs, ramez

 

Des rameurs participent à une course de pirogues sur la rivière Narathiwat en Thaïlande.

 

Rowers, rowing

 

Rowers participate in a boat race on the river in Thailand Narathiwat.

 

(AFP - Madaree Tohlala)

 

(Agence France-Presse, 26 Thursday September 2013 The Roman)

(Edited and Translated: R.S.F. toshiki speed news press, Agence Framce-Presse, 27 Friday September 2013 The Roman)

 

 

EU and Singapore unveil new free-trade agreement

EU and Singapore unveil new free-trade agreement

 

(Reuters, BRUSSELS)

 

The EU and Singapore yesterday submitted for approval one of the world’s most comprehensive free-trade agreements, which the EU sees as a stepping stone toward a wider deal with southeast Asia.

 

The chief negotiators of both sides presented the entire text of the agreement yesterday after initialing each page of the roughly 1,000-page document.

 

Subject to approval in Singapore and by the 28 EU member states and the European Parliament, the agreement should enter into force late next year or early 2015.

 

Trade in goods between the two topped 52 billion euros (US$70.4 billion) last year and in services 28 billion euros in 2011.

 

Mutual investment has reached 190 billion euros.

 

The EU sees a free-trade deal as opening the door to a deal with other members of ASEAN, which has set a goal of economic integration by 2015.

 

The EU and ASEAN launched free-trade talks in 2007, but abandoned them two years later, the EU choosing instead to conduct bilateral talks with individual members.

 

The European Commission is already negotiating free-trade agreements with Malaysia and Vietnam, and it launched talks in March with Thailand.

 

Singapore has a population of just 5 million people, against about 600 million for the whole of ASEAN, but accounts for about a third of all EU-ASEAN trade and more than 60 percent of all investment between the two regions.

 

The deal goes beyond many other free-trade accords in committing to open up public procurement, an area where the EU has many leading suppliers, and agreeing on technical standards in areas such motor vehicles, electronics and green technologies.

 

For example, a car made according to EU standards would be accepted for sale in Singapore.

 

The EU also gains better protection of “geographical indications,” region-specific products such as Parma ham or champagne.

 

EU tariffs on virtually all items from Singapore would disappear over five years.

 

Singapore has committed to its existing zero tariffs on EU imports.

 

Singapore is likely to benefit from reduced tariffs for pharmaceutical and petrochemical products.

 

In services, particularly financial, the agreement would ensure the right to sell directly or establish branches in each other’s markets.

 

(Taipei Times, 21 Saturday September 2013 The Roman)