High price of raw materials

Introduction: aquatic feed may set off the first wave of price rise of all kinds of feed in the year of snake Xue Hua, chairman of CRH Guangdong Haida Group [18.27 2.53% capital research report], said in an interview recently that due to the high price of fish meal and the high dependence on fish meal, such as prawn feed, the price increase pace will be considered in the near future In addition, other listed companies mainly engaged in aquatic feed have also made a statement If the price of fish meal keeps high, their aquatic feed price will also rise Each company will determine the time and extent of price rise according to its own inventory, sales and other conditions The increase of CRH raw material price is the main reason for the increase of aquatic feed price In the past year, the price of imported fish meal has increased dramatically Taking Peru's ordinary grade (65%) as an example, the price of imported fish meal in domestic ports on February 25 was 12000-12500 yuan / ton, compared with 7800-8000 yuan / ton in the same period last year, an increase of about 60% Due to the rigid demand for fish meal in aquatic feed, under the soaring price of fish meal, it is natural for most domestic aquatic feed enterprises to raise the price of aquatic feed one after another, and the price adjustment in the first quarter also conforms to the law of price increase at the beginning of the year In fact, CRH is not only for aquatic feed, but also for livestock and poultry feed The average prices of pig feed, broiler feed and layer feed were 3.27 yuan / kg, 3.36 yuan / kg and 3.08 yuan / kg respectively, up 7.9%, 7.0% and 6.9% year-on-year, all at historical highs Feed prices remain high, mainly due to the pressure of raw material cost From the price of feed materials, corn, soybean meal and other prices are still relatively high The price of corn, which accounts for about 25% of the feed cost, reached 2362 yuan / ton, close to the historical high; the price of soybean meal reached 4158.12 yuan / ton, equivalent to 91% of 4583 yuan / ton, the high of last September; the price of rapeseed meal and cottonseed meal was the same Although the prices of methionine and lysine have dropped a lot compared with the same period of last year, the use of methionine and lysine accounts for less and has little impact CRH generally speaking, with the soaring price of fish meal and the high price of soybean meal, cottonseed meal and rapeseed meal compared with the same period of last year, the rise of feed price in the first quarter of this year has become a foregone conclusion Moreover, due to the rigidity of feed demand in the short term, the price rise is expected to have a positive impact on the profits of relevant companies in the market CRH Haida group, new hope [13.962.72% capital research report] and other feed giants are expected to benefit from this active price increase Haida group is mainly engaged in the production and sales of aquatic premixes, aquatic ingredients and livestock and poultry ingredients The company has outstanding cost and terminal customer control The reason is that through centralized procurement and other ways, the company is expected to ensure that the purchase price of raw materials is lower than the market average price, and that the gross profit margin level of feed is always in the forefront of the industry At the same time, strong technical services, customer stickiness, price increase will not lead to a reduction in sales CRH