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India's poultry producers cash in on feed cost slump, beef slaughter curbs

Reuters  |  MUMBAI 

By Rajendra JadhavMUMBAI (Reuters) - India's poultry producers are posting record profits as feed costs have dropped to a five-year low and on rising chicken demand after cattle slaughtering restrictions were enacted in the majority Hindu country.Poultry company profits should continue to rise as raw material costs are set to remain depressed and demand rises due to the political fight over cattle slaughtering in India, home to the world's biggest population of Hindus, who hold cows to be sacred, plays out in the courts.On May 31, the Madras High Court in the southern state of Tamil Nadu ...

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First Published: Thu, June 15 2017. 14:16 IST
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