Poultry Price

Indian poultry industry revenues to grow by 8-10% in FY24, says report

The Indian poultry industry's revenue is expected to grow by 8-10 per cent in 2023-24, mainly driven by healthy volume growth and improvement in realisations, a report said on Tuesday. The revenue growth expectations of the domestic poultry industry are likely to be at 8-10 per cent in FY24, which will be led by significant volume expansion and improving share of organised players, rating agency Icra said in a report. While realisations were strong in H1 FY23, they started tapering afterwards due to excess supply, said the report. Subsequently, the pick-up in demand in the current fiscal resulted in improvement of average realisations to Rs 107 per kg in H1 FY24 compared to Rs 101 per kg in FY23, said the report adding that the festive season and cold weather will support demand and realisations in the remaining fiscal year. "While realisations improved in H1 FY24, following controlled supply and healthy demand, players' earnings were further supported by softened feed costs. Maize

Poultry sector likely to witness 10% revenue growth in FY24: Report

The poultry sector is likely to witness a 10 per cent revenue growth in this financial year due to a sustained increase in demand amid moderating realisations, a report said on Tuesday. Along with revenue, Crisil Ratings in a report said that operating profitability is also likely to bounce back 70 basis points (bps) this fiscal as input feed costs declined on softer soy and maize prices. This will help strengthen credit profiles despite additional debt set to be contracted for the capacity increase over the medium term, it added. According to the report, the revenue of the Indian poultry sector will grow 10 per cent this fiscal on the back of sustained demand growth amid moderating realisations, even as new capacities come on stream and drive-up volume. "Consumption of broiler meat and eggs is seen rising to 5.2 lakh tonnes (up 11-13 per cent year-on-year) and 150 billion (up 6-8 per cent), respectively. "This is led by improvement in rural demand, higher per-capita consumption

Bird flu outbreak dents chicken sales, poultry farmers hit, says report

A Delhi government official on Friday said around 50 birds, mostly crows, have died in Dwarka, Mayur Vihar Phase-III and Hastsal in west Delhi in the last three to four days.

Corona impact: Poultry farmers bleed as prices plunge below production cost

Many small and unorganised players have been forced to close down and explore other means of livelihood

Poultry price recovers on supply shortage as birds die of scorching heat

The mortality rate in chicken goes up sharply to eight or nine per cent with the onset of heat wave in April and May