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Indian poultry producers fear that soaring chicken prices, driven by higher feed costs, could encourage cheaper frozen poultry imports from the US and Brazil. Soybean prices have roughly doubled over the past year and maize prices remain firm, pushing production costs up about 40%.
Retail chicken is selling between ₹260 and ₹300 per kg.
Higher soybean meal and corn costs are squeezing Indian broiler margins and could shift demand toward imported poultry, which would support US and Brazilian poultry exports and keep feed demand firm.
thehindubusinessline.comVishwanath KulkarniJul 23, 2021After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
