# Blow for farmers as costs of feeds hit record high | Daily Nation

> Kenya's animal feed costs reached a record high after Zambia banned exports of soya and sunflower meals, a key source for Kenyan feed producers. Soya prices in Kenya have roughly doubled over the past year, and feed manufacturers say 15 millers have closed.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: trade · region Kenya · magnitude medium
- Page: https://feedsoft.ai/events/45679-blow-for-farmers-as-costs-of-feeds-hit-record-high-daily-nation
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

A Zambian export ban removes a key regional supply of soymeal and sunflower meal, tightening East African feed supply and pushing up import demand for alternatives such as maize and soya.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-02-23 | [With fertilizer costs high and seeds scarce, U.S. farmers turn to soy \| Reuters](https://feedsoft.ai/events/42759-with-fertilizer-costs-high-and-seeds-scarce-u-s-farmers-turn-to-soy-reuters.md) | +7.5% | +12.7% |
| CORN | 2019-12-13 | [Ag Markets Close on Daily Highs](https://feedsoft.ai/events/6299-ag-markets-close-on-daily-highs.md) | +3.9% | +4.7% |
| CORN | 2020-10-29 | [Mexico inks record U.S. corn purchase after Mexican farmers warn of crop shortfall](https://feedsoft.ai/events/50624-mexico-inks-record-u-s-corn-purchase-after-mexican-farmers-warn-of-crop.md) | -0.2% | +8.5% |
| CORN | 2024-08-07 | [Ethanol production dips, exports highest on record - Brownfield Ag News](https://feedsoft.ai/events/28757-ethanol-production-dips-exports-highest-on-record-brownfield-ag-news.md) | -1.8% | +0.2% |
| CORN | 2021-12-16 | [Will China's Imports of Corn Remain High in 2022? \| Feed & Grain](https://feedsoft.ai/events/14971-will-china-s-imports-of-corn-remain-high-in-2022-feed-and-grain.md) | -2.7% | +0.4% |
| SBM | 2021-08-30 | [Zambia material export ban sends feed prices record high - VIDEO - Business Daily](https://feedsoft.ai/events/45683-zambia-material-export-ban-sends-feed-prices-record-high-video-business-daily.md) | -3.1% | -2.9% |
| SBM | 2019-12-13 | [Ag Markets Close on Daily Highs](https://feedsoft.ai/events/6299-ag-markets-close-on-daily-highs.md) | +2.0% | +2.2% |
| SBM | 2024-07-03 | [China poised for record July soybean imports on low prices](https://feedsoft.ai/events/14735-china-poised-for-record-july-soybean-imports-on-low-prices.md) | +1.3% | -3.9% |

## Sources

- nation.africa: https://nation.africa/kenya/business/blow-for-farmers-as-costs-of-feeds-hit-record-high-3532110

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.