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October 26, 2008
 
India Poultry Weekly: Festive demand drives up poultry and egg prices for the third week (Week ended Oct 25, 2008)
 
An eFeedLink Exclusive
 
 
Price Summary
 
The increase in price range continued the third week except in one city. Otherwise, all broiler markets in India were seen with an upward trend by the end of this week with a price range between Rs. 2 to Rs. 12 per Kg.  
 
Even positive trend in egg prices was also seen, as all markets were up in price range between R. 5 to R. 15 per 100.
 
However, Kolkata markets (Brown and White) eggs that were stable.
 
Prices of parent stock in the market touched an all time high and reached up to Rs. 6, 000 per 20 birds till Saturday. Shortage of parent stock as well as the season, which has started, caused the price increase.
 
Even, price of layer bird was also increased by Rs. 10 and traded at Rs. 55 each against the last week's price of Rs. 45.   
 
Prices of chicks took a little jump in northern area of India and traded around R. 16 to R. 18.
 
 
Market Analysis
 
Rise in Poultry Prices on Festive Demand               
  
The market for live chicken and layer eggs has started to recover due to festive season demand in all states of India.
 
The tight supply and the festival demand have encouraged the poultry farms to raise the farm-gate price of table eggs this week, while the wholesale price of live birds has been increased from last week's level.
 
With the price trend for poultry products anticipated to go up in the next few weeks. The Namakkal-based zonal committee of the National Egg Coordination Committee (NECC) has raised the wholesale rate for table eggs on Tuesday to Rs. 194 for 100 pieces as against last week's Rs. 190. However, on Saturday, rates were increased to Rs. 201 per 100 eggs.
 
The Broiler Coordination Committee at Palladam has decided to increase the price tag to Rs. 50 a Kg from last week's price of Rs. 47- 49 but it crossed Rs. 2 to Rs. 5 per kg and settled at Rs. 55 and Rs. 52 per kg in Tamil Nadu and Kerala respectively.
 
"We are hopeful of the further price movement in view of the Deepawali season when poultry consumption would gain further momentum," an official in NECC said.
 
Godrej Tyson looks to processed poultry market    
 
Poultry processor Godrej Tyson Foods Limited, a venture of Godrej Agrovet Limited and US-based Tyson Foods Inc., might open two more mechanised farms in five years to tap the growing poultry market in India, targeting annual revenue growth of 15 percent over the period.
 
The company hopes to cash in on India’s 95 percent-unorganised poultry market as well as the lack of packaged poultry products, chief executive officer Sadiq Malik told.
 
The company currently operates two plants in India in Maharashtra and Karnataka,
 
Annual per-capita poultry consumption in India remains at a low of only 1.8 kg compared with 45 kg in the United States, Mr. Malik confirmed.
 
"We are eyeing a revenue turnover of Rs. 2 billion by March 2009 and year-on-year, the revenue turnover is likely to grow at more than 15 percent for the next five years," he added.
 
Suguna supports research into feed supplements
 
A two-year memorandum of understanding (MOU) has been signed between the Department of Botany at Bharathiar University and Suguna Poultry Farm Limited.
 
Under the MOU, Suguna Poultry will provide a grant of Rs. 400, 000 to the University for research inputs, remuneration for research scholars and traveling expenses.
 
The Department will help the company in the development of various poultry feed supplements.
 
The MOU also covers investigations into biodiversity, conservation and scientific validation of traditional knowledge.
 
 
Market forecast 
 
Increased corn arrivals resulting from harvesting has picked up in most major production belts and increased arrivals continue to pressure prices.
 
Corn crop is mostly in cob development to maturity stages in parts of Maharashtra, Gujarat, Andhra Pradesh and Karnataka.
 
However, crop in parts of Andhra Pradesh and Karnataka was affected due to heavy rains.
 
Soy prices may ease due to increase in fresh arrivals amidst steady demand.
 
Harvesting has commenced in parts of Madhya Pradesh and Maharashtra and will pick up pace as weather remains dry and sunny here.
 
Good rain this season and optimum sunshine has helped to boost output and acreage. 
 
In the week ahead, due to normal demand in the market, broiler price may increase slightly and egg prices may remain stable at this week's level.
 

Weekly transacted prices of broilers in India for 2008

Cities

Prices as of Oct 18
(Rs./kg live weight)

Prices as of Oct 25
(Rs./kg live weight)

Price change
(Rs./kg live weight)

     1.  Mumbai

49

58

9

     2.  Pune

49

58

9

     3.  Nashik

48

57

9

     4.  Surat (Gujarat)

46

58

12

     5.  Delhi

72

78

6

     6.  Kolkata

58

58

Stable 

     7.  Hyderabad

55

58

3

     8.  Bangalore

55

60

5

     9.  PalladamT.Nadu

49

55

6

     10.  Palladam Kerla

49

52

3

     11.  Namakkal

49

51

2

     12.  Bhopal

50

56

6

Prices are representative and for reference only.
US $ 1 = Rs. 49.700 (Oct 28)

 
Note: The 12-city average includes Mumbai, Pune, Nashik, Surat, Delhi, Kolkata, Hyderabad, Banglalore, Palladam (Kerala & Tamilnadu), Namakkal, & Bhopal.


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