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September 24, 2012

 

India's poultry prices up on soaring feed cost
 

 

Due to a huge jump in feed prices, India's prices of poultry products such as broiler meat and egg have risen sharply during the last few months.

 

Farmers say prices of soymeal, a key component in the poultry feed in Delhi, has jumped to INR41,500 (US$776) per tonne at present from around INR21,000 (US$393) per tonne a year back. Similarly, for corn, another key component of the feed, prices are ruling around INR14,000 (US$262) per tonne from INR11,000 (US$206) per tonne during the same period.

 

The wholesale price of live weight broiler in Delhi is at present ruling above INR75 (US$1.4) per kilogramme while the broiler prices were at INR60 (US$1.12) per kilogramme. At the retail level, the dressed broiler meet in Delhi is being sold in the range of INR170-180 (US$3.19-3.37) per kilogramme.

 

Traders say the broiler prices are expected to rise further because of recent hike diesel prices leading to rise in transportation cost. "Due to higher feed costs, the cost of production has been increased substantially leading to rise in prices of poultry products such as broiler and eggs," Ricky Thaper, convener, Poultry Federation of India told FE. Similarly, the wholesale prices of eggs in Delhi have increased to INR3.50 (US$0.07) per piece against INR3 (US$0.06) a month back.

 

Thaper said the poultry prices are expected to rise till November after which new soy crop is expected to enter market. The kharif soy crop is expected to be harvested by next month and after the oil is taken out through processing, the extract is used for poultry feed.
 

Meanwhile, Soyabean Processors Association of India (SOPA) said due to sufficient monsoon rains in the key growing area of Madhya Pradesh and Maharashtra this year, the production is expected to be better than last year. The soy production for 2011 was estimated at 11.5 million tonnes.

 

"The surge in soymeal prices are unlikely to come down to last year's level because of sustained global demand," a poultry trader from Punjab said.

 

Empowered Group of Ministers (EGoM) recently decided to duty free import of oil-meals to ensure feed availability to livestock. Earlier import duty on oil meals was 15%. Fluctuations in the feed prices have been adversely impacting the growth of poultry sector in the recent months.

 

Poultry farmers say that for safeguarding their interest, the government should first secure the feed ingredients required for poultry and livestock industry and then the exports of soymeal and corn should be allowed.

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