Poultry sector to increase sales as feed prices soften

Written by Sandip Das | New Delhi, Sep 29 | Updated: Sep 30 2008, 07:36am hrs
Reeling under the rise in the prices of feed for the last few months, the poultry industry is gearing up for an increase in sales of eggs and chicken as the winter months approach. Due to a hefty rise in the poultry feed in the last few months, farmowners have been incurring financial losses. Along with maize, the prices of soya meal, a key component in poultry feed have also sharply risen in the recent months. However, with thje prospect of a bumper soyabean harvest, the poultry industry is expecting the prices of feed to fall along with a rise in consumption of eggs and chicken over the next few months.

Currently, soyameal has been selling at Rs 25,000 per tonne, up from Rs 16,000 from the price that prevailed in same period last year. Following the recent ban on the export of maize, another key component of poultry feed, the price has dropped from Rs 10,500 per tonne to about Rs 8,500 per tonne currently.

According to the Poultry Federation of India (PFI), as a consequence of the rise in the prices of soyameal and maize, the cost of poultry feed is currently selling at Rs 19,000 per tonne, while it costed Rs 1,200 per tonne last year. After the Navratras and Eid, the consumption of chicken and eggs usually rises. Thus, we expect yet another good soyabean crop and which may soften feed prices over the next few weeks, Ricky Thapar, treasurer, PFI, told FE.

For the retail consumer in Delhi, the price of a live-weight broiler is around Rs 70 per kg, while the price of eggs is in range of Rs 36-38 per dozen.