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Cyclone Tauktae, bird flu in northern India and local lockdowns in the south have hit India's poultry sector. Retail chicken and egg prices have risen sharply, but broiler farmgate prices have fallen to Rs 65-70 per kg, below production costs of about Rs 90.
Broiler farmers are dumping birds below cost, which points to weaker domestic chicken prices and reduced restocking demand for poultry feed in India.
thehindubusinessline.comKV Kurmanath, TV JayanMay 21, 2021Not 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.
