Chicken prices rise over ban on cattle sale for slaughter: Assocham

Rising per capita incomes and growth in QSR formats are other key reasons for growing demand

Following the Centre's ban on the sale of cattle for slaughter in animal markets, the chicken prices in India have been rising and are projected to go up by 25-30 per cent in the near future on the back of likely increase in the chicken consumption by 35-40 per cent, according to the Assocham's study.

Poultry wholesale price index has risen by 22 per cent, while that of beef and buffalo meat declined about 3 per cent between May 2014 and March 2017.

The chicken production has been steadily growing at a compounded annual growth rate (CAGR) of 10-12 per