# COVID-19 scare hits poultry business - The Hindu

> Chicken consumption in India has fallen about 30% after rumours linked chicken and eggs to COVID-19. Farm-gate chicken prices have dropped from 80 to 40 rupees per kg against a production cost of about 75 rupees per kg, largely due to feed costs.

- Date: 2020-02-27 · published 2020-02-27T12:00:00.000Z
- Category: disease · region India · magnitude medium
- Page: https://feedsoft.ai/events/54755-covid-19-scare-hits-poultry-business-the-hindu
- 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

Sharp demand loss and below-cost farm prices reduce poultry feed purchases in India, pressuring corn and soymeal demand and prompting producers to cut flock sizes.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-01-13 | [Indian poultry market hit by avian flu scares \| WATTPoultry.com](https://feedsoft.ai/events/49147-indian-poultry-market-hit-by-avian-flu-scares-wattpoultry-com.md) | +2.0% | +7.5% |
| CORN | 2021-01-14 | [Still reeling from COVID-19, Asia’s poultry farmers are battling bird flu outbreaks
						 \| The Poultry Site](https://feedsoft.ai/events/49157-still-reeling-from-covid-19-asia-s-poultry-farmers-are-battling-bird-flu.md) | +0.7% | +4.0% |
| CORN | 2025-02-26 | [Why is the price of eggs so high? - Poultry](https://feedsoft.ai/events/26063-why-is-the-price-of-eggs-so-high-poultry.md) | -6.0% | -0.4% |
| 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% |
| SOY | 2018-03-12 | [AI impact on the South African feed industry - Food & Agribusiness](https://feedsoft.ai/events/66001-ai-impact-on-the-south-african-feed-industry-food-and-agribusiness.md) | +2.0% | +1.7% |
| SOY | 2022-09-05 | [China’s yuan touches 2-year low on dollar strength, COVID resurgence - Markets - Business Recorder](https://feedsoft.ai/events/12274-china-s-yuan-touches-2-year-low-on-dollar-strength-covid-resurgence-markets.md) | +2.6% | -9.0% |
| SOY | 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) | -2.2% | -8.1% |

## Sources

- thehindu.com: https://www.thehindu.com/news/cities/Hyderabad/covid-19-scare-hits-poultry-business/article30936418.ece

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