# Poultry farmers in India seeking $2.7 billion after virus scare

> Indian poultry farmers are seeking about 200 billion rupees ($2.7 billion) in loans after farm-gate chicken prices fell as much as 70% in March on coronavirus-related social media speculation. Prices have recovered to just above production costs, but banks are reluctant to lend.

- Date: 2020-08-04 · published 2020-08-04T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/51765-poultry-farmers-in-india-seeking-2-7-billion-after-virus-scare
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Financial stress and culling in India's poultry sector limit near-term feed grain demand growth from that market, a modestly bearish factor for corn and meal.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-09-20 | [After the Bell \| September 20, 2021 - Pro Farmer](https://feedsoft.ai/events/6378-after-the-bell-september-20-2021-pro-farmer.md) | -4.3% | -4.1% |
| CORN | 2023-08-15 | [After the Bell \| August 15, 2023 - Pro Farmer](https://feedsoft.ai/events/5613-after-the-bell-august-15-2023-pro-farmer.md) | -0.9% | -1.3% |
| CORN | 2025-09-07 | [Forex crunch,power bills block price relief for poultry feed](https://feedsoft.ai/events/23225-forex-crunch-power-bills-block-price-relief-for-poultry-feed.md) | -0.1% | +2.7% |
| CORN | 2020-03-13 | [U.S. ethanol industry 'bleeding' on oil collapse, coronavirus](https://feedsoft.ai/events/54132-u-s-ethanol-industry-bleeding-on-oil-collapse-coronavirus.md) | -4.2% | -1.9% |
| CORN | 2016-11-14 | [Mexico central bank seen hiking after peso's Trump tumble](https://feedsoft.ai/events/74066-mexico-central-bank-seen-hiking-after-peso-s-trump-tumble.md) | -3.6% | -0.7% |
| SBM | 2021-09-20 | [After the Bell \| September 20, 2021 - Pro Farmer](https://feedsoft.ai/events/6378-after-the-bell-september-20-2021-pro-farmer.md) | -0.2% | -4.9% |
| SBM | 2023-08-15 | [After the Bell \| August 15, 2023 - Pro Farmer](https://feedsoft.ai/events/5613-after-the-bell-august-15-2023-pro-farmer.md) | -10.0% | -9.7% |
| SBM | 2024-01-22 | [Brazil's real falls after Lula unveils 're-industrialization' plan](https://feedsoft.ai/events/32322-brazil-s-real-falls-after-lula-unveils-re-industrialization-plan.md) | -1.6% | -2.7% |

## Sources

- livemint.com: https://www.livemint.com/news/india/poultry-farmers-in-india-seeking-2-7-billion-after-virus-scare-11596499416194.html

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