Stockfeed price drops as firm grows sorghum

By EREBIRI ZURENUOC
THE price of Niugini Tablebirds’ stockfeed has decreased at selected retail stores after the farming of new sorghum crop, Mainland Holdings Ltd (MHL) managing director David Alcock says.
Alcock said the sorghum crop the company was growing at Sasiang in the Markham Valley was the largest in the country and would help the company and the farmers.
“We estimate the crop to be around 3200 tonnes a year,” he said.
“We have invested millions of kina in farming equipment with the harvester and the latest equipment to arrive, and ready for harvest.
“Right now, we are farming sorghum on 800 hectares of land.
“We will increase that to about 1500 hectares.”
Alcock said the farming of sorghum had helped the company reduce costs.
“We save costs and we are also able to pass that on to our customers, through a reduction of the price of stockfeed bag by K2,” he said.
“The normal price for the 40kg bag of stockfeed will be reduced by K2. While other stockfeed prices are going up, ours is going down because of this cropping.
“The price reduction can be seen at all Chemica stores, all Farmset stores and all Raumai 18 stores.”
Alcock said MHL was committed to ensuring that stockfeed is priced to allow customers to buy the best at the lowest prices.
“When we make the savings, we want to pass on the savings,” he said. “Making the feed affordable to our farmers in PNG is the reason why we went into sorghum cropping in the first
place.
“As we advance our drive into agriculture, we expect to be able to continue to pass on pricing reductions in the months ahead.”