By Leonard GildarieThe country’s largest feed producer has warned of an increase in prices on the local market as bad weather contributes to a poor year of corn and soya beans,Wholesale NFL Jerseys, two major inputs.The increase of prices of feed on the local market is likely to heavily impact that of poultry, pork and beef.According to Robert Badal,NFL Jerseys Wholesale, Chief Executive Officer of the Guyana Stockfeeds Inc., the company’s feed prices must now reflect the cost of acquiring grains on the international market.There has been a minor increase by the company recently,Cheap Jerseys From China, of some four percent, but that has now changed.CEO of Guyana Stockfeeds Inc., Robert Badal“The company has maintained a stable regime of feed prices since the start of 2011 with no price increases except for recently when prices were increased by less than 4%.? The prices of both corn and soya have been trending upwards since April 2012 because of unfavourable weather in the USA and elsewhere. The drought?has significantly affected the yield of both corn and soyabeans in the?United States mid-west which impacted on prices.”According to the statement,MLB Jerseys From China, for the year to date the price of soya beans has?increased by more than 60% while corn has moved by more than 30%.“We have?kept prices in check by absorbing these increases but?are unable to continue to do so in view of the forecast of further increases of prices on the international market.”Badal noted that Guyana Stockfeeds?has traditionally kept prices highly competitive by operating at margins below its industry standard.“This has stimulated the growth of the local poultry industry as many families find poultry rearing a profitable venture. In fact poultry rearing is the single most effective?economic activity, contributing to poverty alleviation all across Guyana. In this respect?we are very?happy about?the pivotal?role?this company?has played in reducing poverty.”The company asked for its customers’ “understanding and continued support”.The price increase will spell more bad news for consumers, with chicken being a main part of the diet of Guyanese.Government has already issued temporary licences for the importation of one million pounds of chicken and 500,Cheap Maple Leafs Jerseys,000 pounds of pork as local farmers, unable to raise working capital,Wholesale Jerseys, among other critical factors, started to pull out of production. This was highly evident last year.Government had met with the feed producers and the large scale farmers in an attempt to find solutions.Chicken prices on the coast are touching a high at $400 per pound while the hinterland has been hard hit and in some cases consumers are paying as much as $1,000. The Linden protests have further exacerbated that situation.Poultry farmers have especially been complaining of poor quality chicks and feed in recent times also which has led to a discouraging high number of mortalities.Many farmers, facing losses from underweight chickens and the high mortality, and saddled with debts to financial institutions, have just plain given up.The inevitable feed price increase is but the latest in bad news for consumers.Guyana Stockfeeds Inc. is the largest feed producer but there are a number of other smaller ones…the latter mostly for their own consumption.