May 13, 2013
India's prices of poultry products rise 95% on high feed costs
Due to higher feed costs over the past fiscal year, the price of chicken and eggs in India rose by up to 95% in different areas.
According to India's Agriculture Minister, Sharad Pawar, "Average prices of chicken in different stations during 2012-13 have shown an increase, ranging from 3.8-95.5% compared to 2011-12," Pawar told local media sources in India.
One of the major reasons for the increase in the price of poultry products is the rise in the price of poultry feed and feed ingredients like soymeal and corn, Pawar confirmed.
The Minister also said the government has not imposed a ban on poultry exports following the recent outbreak of avian influenza.
