# India’s poultry sector starts road to recovery

> Indian farm-gate chicken prices rose about 25% in two weeks, with chicken reaching INR75-80 per kg and eggs INR4.50-5.00 each. Farmers say they are only just breaking even despite low feed prices, with corn and soybean meal prices having tumbled.

- Date: 2020-06-24 · published 2020-06-24T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/52754-india-s-poultry-sector-starts-road-to-recovery
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Recovering poultry demand after India's lockdown eased supports bird and egg output, which increases feed demand over time, but current low corn and soymeal prices reflect weak sector throughput.

## Read by commodity

- SBM: neutral
- CORN: neutral
- CHICKEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-09-15 | [Russia set records in the export of grain](https://feedsoft.ai/events/68820-russia-set-records-in-the-export-of-grain.md) | +1.4% | +4.3% |
| CORN | 2020-04-03 | [Grim reality of severe global economic recession slams meat industry
						 \| The Pig Site](https://feedsoft.ai/events/6602-grim-reality-of-severe-global-economic-recession-slams-meat-industry-the-pig.md) | -0.6% | -8.4% |
| CORN | 2022-05-23 | [Euro scales three-week high on Chinese recovery hopes](https://feedsoft.ai/events/12693-euro-scales-three-week-high-on-chinese-recovery-hopes.md) | +0.0% | -1.2% |
| CORN | 2022-01-24 | [Optimism, higher cattle prices to start 2022](https://feedsoft.ai/events/43088-optimism-higher-cattle-prices-to-start-2022.md) | +1.9% | +6.8% |
| CORN | 2017-05-22 | [Tight monetary policy to strengthen Mexican peso](https://feedsoft.ai/events/71217-tight-monetary-policy-to-strengthen-mexican-peso.md) | +1.0% | +2.3% |
| SBM | 2020-04-03 | [Grim reality of severe global economic recession slams meat industry
						 \| The Pig Site](https://feedsoft.ai/events/6602-grim-reality-of-severe-global-economic-recession-slams-meat-industry-the-pig.md) | -5.4% | -7.0% |
| SBM | 2022-10-17 | [Indonesia's defences start crumbling against relentless dollar](https://feedsoft.ai/events/39431-indonesia-s-defences-start-crumbling-against-relentless-dollar.md) | +0.3% | -1.9% |
| SBM | 2016-11-11 | [Indonesian rupiah falls most since 2011 over Trump's protectionist trade policy fears](https://feedsoft.ai/events/74150-indonesian-rupiah-falls-most-since-2011-over-trump-s-protectionist-trade-policy.md) | -0.3% | +1.1% |

## Sources

- wattagnet.com: https://www.wattagnet.com/broilers-turkeys/article/15531320/indias-poultry-sector-starts-road-to-recovery-wattagnet?v=preview

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