Marriage Season Likely to Push Up Poultry Prices

by 5m Editor
5 October 2009, at 7:52am

INDIA - The lull in the poultry market seems to have ended along with the Navaratras as the prices of these products are anticipated to sail further northwards to climb to as much as 15 per cent helped by the onset of the marriage season.

The wholesale chicken prices are looking bright after the 'Navatartas' as it has climbed to Rs 60-62 a kg and may go up further to Rs 70 a kg in another 15 days' time, Poultry Federation of India Spokesperson Mr Rickey Thaper said.

"During the 'Navaratras' the wholesale prices were ruling at Rs 54 a kg," he said, adding that the farmers were holding back their stocks in anticipation of good rates during the marriage and winter season demand.

He noted that this rise in prices will benefit farmers and help them reap handsome profits as the poultry feed prices have declined considerably. “The soyabean meal prices are currently quoted at Rs 17,000 per tonne ex-plant, which was Rs 19,000 a tonnes a month earlier,” Mr Thaper said.