Poultry Firms

Shares of SKM Egg Products Export India, Venky's India, Simran Farms and Ovlbel Foods were up in the range of 5 per cent to 10 per cent in Thursday's intra-day trading session

The contract farming model isn't benefiting the growers anymore, they allege

Minister of State of Fisheries, Animal Husbandry and Dairying Sanjeev Kumar Balyan on Monday asked the poultry industry to focus on research for reducing import dependence on vaccines and feed additives. Addressing a CII conference, Balyan recommended the reconstitution of the poultry advisory committee for connecting all stakeholders. He also urged the industry to focus on integration of small farmers for a vibrant and sustainable poultry sector, CII said in a statement. Balyan asked the industry to focus on R&D towards offsetting import dependence for vaccines and feed additives. The Union Budget (2022-23) has allocated Rs 6,407 crore for the ministry, which is an increase of 44 per cent from the 2021-22 allocation. Atul Chaturvedi, Secretary, Department of Animal Husbandry & Dairying, Ministry of Fisheries, Animal Husbandry & Dairying, said the industry needs to come up with effective and sustainable solutions towards making our products competitive such that we not ...

Nine districts of Maharashtra have so far reported bird flu cases

Avian flu scare has resulted in substantial loss in the poultry business across India as thousands of birds died over the last few months

Street worried that the spread of the disease will impact near-term demand for companies like Venky's and Godrej Agrovet

Sources said that talks between India and the US are in an advanced stage, which would force India to cut import duty to 30 per cent from the existing 100 per cent on chicken import from US

After nearly four years of downturn, the outlook seems promising for India's poultry companies, on expectations of supply deficit and rising consumer demand for chicken and eggs,Profit margins of poultry firms (primarily producers of fresh chicken meat and eggs) were under pressure for four years due to a sharp increase in feed prices. Worried at a consumer shift to alternative sources of protein intake, they did not pass on the feed price hike. Even during supply deficit days, poultry firms raised their product prices only marginally.Now, lower feed prices have offered a cushion to their margins. While egg prices have gone up marginally over recent months to trade currently at Rs 4 each, broiler chicken prices remain fairly stable at Rs 78 a kg."Still, we are seeking nearly 15 per cent of profit margin at the current rate of chicken and eggs due to low feed prices. We see feed prices subdued till June. By then, the next season monsoon forecast would give us a clear indication of ...