Pinnacle Feeds has announced a 2% reduction in animal feeds starting today, August 4, 2023.
In a release, Managing Director Rakeesh Bernard says the company is passing on recent reductions in international grain prices.
He says while this is still a long way from reversing the increases which the livestock sector has endured for the past several years, farmers will appreciate a first step in that direction.
He notes the company will continue to monitor global commodity prices and review its feed prices on a monthly basis, in the hope of further reductions if import prices continue to trend downwards.
Mr. Bernard assured the public that Pinnacle Feeds’ focus remains on manufacturing the highest quality animal feed products at affordable prices.
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