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Indian broiler prices hit an all-time low of ₹10-15 per kg ex-farm, well below production costs of about ₹75, as consumers avoid chicken over COVID-19 fears. Egg prices have also slumped, and feed companies report falling corn and soybean meal prices over the past two weeks as production is cut.
Reduced chicken and egg output is lowering feed ingredient demand in India, and falling corn and soymeal prices reflect that weaker demand. Poultry firms are expected to cut feed purchases further while the demand slump persists.
thehindu.comM. Soundariya PreethaMar 20, 2020Not enough comparable past events yet for a historical read.
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.
