The cost of production is rising continuously but an overflowing stock is keeping the market under pressure, said Mr Vinod Kumar, proprietor of Bubbly Breeding Farm. “Due to surplus stock, currently we are selling eggs and broilers at prices below the production cost. They are perishable products and we cannot preserve them for a longer time period,” he added. According to The Hindu Business Line, on Friday, 11 May, broiler was at Rs 60-70 a kg, eggs were quoted at Rs 2.15-2.48 while chick was at Rs 10.

Domestic and export demand are good but the easy availability of stock is not allowing any improvement in market, said Mr Kumar. The number of hatcheries in this region has also increased leading to higher production. Prices may increase in near future as production goes down in summer, he added.

After touching a record high earlier this week, soya witnessed some correction. Soya prices eased by Rs 100 and settled at Rs 3,400 a quintal.

Other ingredients of poultry feed are under pressure. Arrivals from Bihar have pulled maize prices further down by Rs 50 to Rs 1,350-1400 a quintal. Bajra remained unchanged at Rs 1,150 a quintal.

Fish oil was quoted at Rs 68 a litre while DCP was at Rs 37-38 a kg, Rs 3 up from previous level. Prices of poultry feed products remained unchanged. It is unlikely to see any major alteration in the prices of poultry feed products in the near future, said Mr Satpal Singh, Proprietor of Sarvottam Poultry Feed Supply Centre Pvt. Ltd. Broiler concentrates feed was quoted at Rs 1,600 for a 50-kg bag, Broiler Starter Mash was at Rs 1,280 for a 50-kg bag while, Broiler finisher was at Rs 1,260 for a 50-kg bag.

Broiler Pre-Starter Concentrate 30 per cent was at Rs 1,400 for a 30-kg bag, while layer concentrate was quoted at Rs 1,210 for a 50-kg bag.