India: Chicken prices raise up 30% in India

Chicken prices raise up 30% in India

Poultry Federation of India

INDIA, Gurgaon, Haryana The poultry industry in India is estimated to have exorbitant losses this summer because of the death of birds, while many farms have shut operations as the business became unviable, Poultry Federation of India said.

Chicken prices have jumped by up to 30% as the ongoing heat wave killed millions of birds in last fortnight and rates may further move upwards if temperature continues to remain high. Normally the mortality rate of birds is around 2 to 3% but this summer it has gone up to 7 to 8%. As a result of this, in the last fortnight, only the wholesale prices of broiler have jumped, Poultry Federation of India Convener Ricky Thaper said.

Thaper added that many farms have to shut operations which resulted in a supply crunch and in the coming days if temperature continues to remain high, prices can further go upwards. There are about 24 mill. birds in the country. According to various industry experts, about 10% birds have died in the last fortnight.

Venky's Deputy General Manager Prasanna Pedgaonkar said that most of the birds have died in the southern and western states as they together have about 55% of the country’s total bird’s population. Normally, it takes about 30 days for a bird to become broiler of 1,200 g which can be served as chicken.

Source: Poultry Federation of India

India Haryana


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