December 20, 2023

Chicken meat prices in Hyderabad, India, spike more than 15% in past three weeks

The prices of chicken meat in Hyderabad, India, have witnessed a significant surge, an increase of more than 15%, over the past three weeks.

The current rates reflect a noticeable uptick, with chicken prices climbing from ₹106/kg (US$1.28) on November 27 to ₹126/kg (US$1.52) on December 18. This surge is consistent across various chicken types, encompassing those with skin, without skin and boneless varieties.

As of December 18, live chicken is priced at ₹122/kg (US$1.47), witnessing a notable increase from ₹97/kg (US$1.17) on December 11. Chicken with skin is available at ₹177/kg (US$2.13), up from ₹141/kg (US$1.70), while skinless chicken is priced at ₹201/kg (US$2.42), rising from ₹160/kg (US$1.92). The boneless variety, experiencing the most substantial surge, is now priced at ₹360/kg (US$4.33), compared to ₹300 (US$3.61) on December 11.

Vamshee Reddy, owner of Reddy Chicken Shop, attributed the increases to heightened demand, especially fueled by the surge in weddings across the city.

Reddy also noted that the conclusion of the Karthika Masam, a Hindu lunar month marked by religious observances, has played a role in the upward trajectory of chicken prices.

- News Meter