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India's ban on cattle sales for slaughter, enacted in May, drove broiler chicken prices in Mumbai up about 50% to INR100 per kilo before the Supreme Court suspended the order. Poultry producer Venky's shares have risen 360% so far this year.
Substitution away from beef and buffalo meat raised demand and prices for chicken in India, and cheaper soybean and corn inputs are supporting poultry margins.
foodnavigator.comRichard WhiteheadJul 19, 2017Not 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.
