# How coronavirus, bird flu and rumours to stay off non-veg hit poultry industry hard in India

> Poultry industry losses in India are estimated near ₹700 crore in the first two weeks of March as coronavirus fears and a bird flu outbreak in Kerala and Karnataka hit demand. Chicken prices have fallen from ₹100-150 to ₹20-10 per kg and egg prices from ₹4-5 to below ₹1 in most regions.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: disease · region India · magnitude low
- Page: https://feedsoft.ai/events/54159-how-coronavirus-bird-flu-and-rumours-to-stay-off-non-veg-hit-poultry-industry
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Collapsing poultry demand and prices reduce feed purchases by Indian producers, weakening demand for maize and soymeal used in feed. The effect is bearish for local feed ingredient prices while the demand slump lasts.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-02-18 | [India's poultry sales decline amid coronavirus rumors linked to chickens](https://feedsoft.ai/events/54753-india-s-poultry-sales-decline-amid-coronavirus-rumors-linked-to-chickens.md) | -1.7% | -3.5% |
| CORN | 2020-03-31 | [How coronavirus is affecting China’s poultry industry \| WATTAgNet \| WATTPoultry.com](https://feedsoft.ai/events/54277-how-coronavirus-is-affecting-china-s-poultry-industry-wattagnet-wattpoultry-com.md) | -2.6% | -11.2% |
| CORN | 2020-03-23 | [Coronavirus outbreak brings Tamil Nadu’s poultry industry to its knees \| India News - The Indian Express](https://feedsoft.ai/events/54281-coronavirus-outbreak-brings-tamil-nadu-s-poultry-industry-to-its-knees-india.md) | -0.8% | -5.0% |
| CORN | 2021-07-22 | [Bird flu: The Rs 90,000 cr poultry industry is in a fix - Rediff.com Business](https://feedsoft.ai/events/46082-bird-flu-the-rs-90-000-cr-poultry-industry-is-in-a-fix-rediff-com-business.md) | -2.8% | -2.1% |
| CORN | 2020-03-18 | [Ground Report: A Fake Video About Coronavirus Has Battered India’s Poultry Sector – The Wire Science](https://feedsoft.ai/events/54287-ground-report-a-fake-video-about-coronavirus-has-battered-india-s-poultry.md) | -0.6% | -3.4% |
| SBM | 2020-03-31 | [How coronavirus is affecting China’s poultry industry \| WATTAgNet \| WATTPoultry.com](https://feedsoft.ai/events/54277-how-coronavirus-is-affecting-china-s-poultry-industry-wattagnet-wattpoultry-com.md) | -8.8% | -13.4% |
| SBM | 2020-03-23 | [Coronavirus outbreak brings Tamil Nadu’s poultry industry to its knees \| India News - The Indian Express](https://feedsoft.ai/events/54281-coronavirus-outbreak-brings-tamil-nadu-s-poultry-industry-to-its-knees-india.md) | -0.6% | -12.2% |
| SBM | 2021-07-22 | [Bird flu: The Rs 90,000 cr poultry industry is in a fix - Rediff.com Business](https://feedsoft.ai/events/46082-bird-flu-the-rs-90-000-cr-poultry-industry-is-in-a-fix-rediff-com-business.md) | -2.9% | -2.7% |

## Sources

- theprint.in: https://theprint.in/economy/how-coronavirus-bird-flu-and-rumours-to-stay-off-non-veg-hit-poultry-industry-hard-in-india/384316/

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