Muyuan: It is unclear whether the situation in Russia and Ukraine will affect domestic feed prices – yqqlm

Securities Times e Company News, Muyuan Securities Office said in a reply letter that the company’s feed raw materials are mainly purchased domestically, and it is unclear whether the situation in Russia and Ukraine will have an impact on domestic feed raw material prices. At present, the situation in Russia and Ukraine has no direct impact on the company. The company continues to take various measures to reduce the procurement cost of feed raw materials and improve profitability. The company will adjust the formula in a timely manner according to the changing trend of the grain market, promote the formula of low corn and soybean meal, and reduce the cost of feed; flexibly adjust the procurement strategy of feed raw materials according to production demand and market conditions, and at the same time reduce the purchase price with tools such as forward contracts. (China-Singapore latitude and longitude)