# Venky’s gains from beef ban despite recent suspension

> 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.

- Date: 2017-07-19 · published 2017-07-19T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/70121-venky-s-gains-from-beef-ban-despite-recent-suspension
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

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.

## Read by commodity

- CHICKEN: bullish ▲

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2017/07/20/Venky-s-gains-from-beef-ban-despite-recent-suspension/

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