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November 10, 2008
 
India Poultry Weekly: Broiler prices crash down for the second week (Week ended Nov 8, 2008)
 
An eFeedLink Exclusive
 
 
Price Summary
 
All Broiler markets in India were seen with a downward trend by the end of this week with a price range of Rs. 1 to Rs. 12 per kg, except Hyderabad and Bhopal, where the market remained stable.  
 
After breaking all previous records of broiler prices in Delhi, rates came down drastically to Rs. 12 per kg.
 
Positive trend in egg prices was seen, as all markets were up in price range between Rs. 6 to Rs. 10 per 100.
 
The parent stock traded at Rs. 225 in the concluding week. Price of layer bird came down to Rs. 1,000, traded at Rs. 50 each.    
 
Chick prices in North India took a little jump in northern area of India and traded around at Rs. 19 to Rs. 20 per chick.
 
 
Market Analysis
 
There was a mixed response in the Indian poultry feed market. It was estimated by the feed millers that short supply of green fodder during these two months (November and December), demand for poultry would increase.
 
But due to high chick prices in Punjab and Jammu and Kashmir states, poultry farmers are reluctant to breed, leading to lesser feed demand from the poultry market.
 
Abdul Razzak, a poultry farmer, said that chicks prices are at their extreme range of Rs 22 plus and farmers were reluctant to buy chicks at such a high price.
 
Razzak also said that farmers were putting 10,000 chicks at a time. This time after waiting for 40 to 45 days for lower prices of chicks, they are forced to purchase 50 percent of chicks at the above cost just to continue their business and to recover at least the cost and fixed expenses.
 
The Chief Executive Officer (CEO) of Madaan Food and Feeds, Dr. Karan Sondhi, however said that it was the major factor of lukewarm response to the sale of poultry feed.
 
In Punjab, Sondhi said that chick rates already touched Rs. 20 and settled at Rs. 18 to Rs. 19 for the last fortnight.
 
Their sales targets could not therefore be achieved in the absence of getting adequate lead, which was expected during the months of November and December.
 
However, Sondhi was hopeful of getting a good market response of poultry feed produced by their company in areas particularly Jammu & Kashmir (Srinagar) and Punjab.
 
Egg prices touch record high
 
The poultry sector which had been affected until last month due to the onset of the Navratri and other festive seasons is finally back on track, thanks to seasonal and winter demand.
 
For the first time in 25 years, the floor price of a single egg has touched Rs. 2.09. Industry sources claim that this is the first time the price of egg does not chart a downward swing despite healthy production to meet the high demand in northern states that are now experiencing winter season.
 
"The price of eggs during earlier occasions has fallen due to excess production. The present price tag, we hope, will remain stable for quite some time now," said an official in the National Egg Coordination Committee (NECC), Namakkal zone - the poultry hub of South India.
 
Meanwhile, Palladam-based Broiler Coordination Committee has also increased the price of live birds by Rs. 4 a kg from last week's Rs. 46 a kg.
 
Sources feel prices will rule firm till the onset of Sabri-mala season, which begins middle of this month.
 
The zone has a daily production of 25 million eggs of which Kerala buys five million eggs while five million is being exported to West Asian and a few African countries. The rest is meant for local markets, besides supplying nearly 20 million eggs a week in the mid-day noon-meal centers.    
 
 
Market forecast
 
Good demand emerging from poultry, starch and overseas buyers continue to support corn prices.
 
Reduction in rabi acreage supports prices as current dry weather is delaying sowing.
 
Soy prices may ease due to increase in fresh arrivals amidst steady demand. In the week ahead, due to arrival of winter season, demand in the market will increase, broiler price may increase slightly but egg prices may remain stable at this week's level.
  

Weekly transacted prices of broilers in India for 2008

Cities

Prices as of Nov 1
(Rs./kg live weight)

Prices as of Nov 8
(Rs./kg live weight)

Price change
(Rs./kg live weight)

     1.  Mumbai

55

53

-2

     2.  Pune

55

53

-2

     3.  Nashik

54

52

-2

     4.  Surat (Gujarat)

57

56

-1

     5.  Delhi

82

70

-12

     6.  Kolkata

57

54

-3

     7.  Hyderabad

49

49

       Stable

     8.  Bangalore

55

47

-8

     9.  PalladamT.Nadu

55

47

-8

     10.  Palladam Kerla

52

47

-5

     11.  Namakkal

50

44

-6

     12.  Bhopal

56

56

       Stable

Prices are representative and for reference only.
US $ 1 = Rs. 47.385 (Nov 10, 2008)

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


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