Blame Soymeal for Rise on Cost of Chicken

The rising cost of soymeal has affected production margins because 75 per cent of the cost is from the feed alone, according to a report from the USDA Foreign Agricultural Service.

The USDA report says that soymeal prices have risen significantly in the past one year from Rs 10/kg (rupees per kilo) to Rs 18/kg.

Analysts say that chicken prices will be determined by the market trends of soya and could see a surge of Rs 8/kg and may soar even further, depending upon the volatility of soymeal futures in the overseas market.

Figures from the Poultry Federation of India show that the per capita consumption of chicken in the country is about 2.1 kg and is growing by 0.5 per cent every year.

Sign up for our
regular news updates

Latest Poultry Industry News

•   BIRD FLU: HK suspends German import applications
•   Short Hatch Window: a Smart Choice
•   Turkey Science and Production Conference 2009
•   Reverse Underspend on R&D, Says Science Campaign
•   US Grain Production Forecasts Up Across the Board
•   Sanderson Rumoured to be Eyeing Pilgrim's Pride
•   Tyson Foods on Acquisition Trail
•   HK Suspends German Imports
•   Weekly Outlook: Where is the Trough?
•   Cobb: Improved Features of New Broiler Guide