# India's poultry sales decline amid coronavirus rumors linked to chickens

> India's poultry industry has lost about 13 billion rupees ($182 million) over three weeks after social media rumours linked chickens to coronavirus. Chicken prices have nearly halved and demand has dropped, while soybean and corn prices have fallen up to 8%. Small farmers are cutting production in response.

- Date: 2020-02-18 · published 2020-02-18T12:00:00.000Z
- Category: disease · region India · magnitude medium
- Page: https://feedsoft.ai/events/54753-india-s-poultry-sales-decline-amid-coronavirus-rumors-linked-to-chickens
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower chicken demand and reduced flock sizes weaken feed demand for corn and soybean meal in India, and could tighten poultry supply and lift prices from April.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-20 | [How coronavirus, bird flu and rumours to stay off non-veg hit poultry industry hard in India](https://feedsoft.ai/events/54159-how-coronavirus-bird-flu-and-rumours-to-stay-off-non-veg-hit-poultry-industry.md) | -0.6% | -3.1% |
| 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 | 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 | 2020-03-18 | [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% |
| CORN | 2017-09-21 | [Poultry prices rise as flu spreads to more chicken farms](https://feedsoft.ai/events/68966-poultry-prices-rise-as-flu-spreads-to-more-chicken-farms.md) | +0.5% | +2.4% |
| SOY | 2020-02-28 | [China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank \| S&P Global](https://feedsoft.ai/events/10636-china-s-soy-complex-demand-likely-to-fall-in-h1-2020-on-coronavirus-outbreak.md) | +0.3% | -0.7% |
| SOY | 2020-03-28 | [Coronavirus hits already struggling US farmers with drop in prices](https://feedsoft.ai/events/7966-coronavirus-hits-already-struggling-us-farmers-with-drop-in-prices.md) | -3.1% | -6.0% |
| SOY | 2020-01-28 | [Coronavirus Fears Prompt Flight to Safety in Commodity Markets - Caixin Global](https://feedsoft.ai/events/8057-coronavirus-fears-prompt-flight-to-safety-in-commodity-markets-caixin-global.md) | -2.3% | -2.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/02/18/indias-poultry-sales-decline-amid-coronavirus-rumors-linked-to-chickens.html

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