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Poultry demand in Mysuru, India, has fallen steeply as COVID-19 anxiety and a bird flu scare led consumers and hotels to avoid chicken and eggs. Wholesale egg prices fell from an average of ₹408 per 100 in 2019 to ₹340, and some retailers sold below purchase cost.
Lower poultry consumption and output reduce feed demand from local producers, which is bearish for feed grain and meal prices in the region. The impact is regional and limited in scale.
thehindu.comSpecial CorrespondentMar 10, 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.
