Demand Expected to Push up Indian Poultry Prices19 December 2013
INDIA - Demand for poultry products in India is improving and the rise in demand is expected to continue.
However, feed prices are expected to remian firm according to trade analysts.
The poultry products market continued to witness uptrend following higher demand but feed products remained unchanged on Wednesday.
Aditya Mishra, an expert on trade, told The Hindu Business Line that besides domestic demand, poultry farmers and traders are receiving good orders from Uttar Pradesh, Jaipur, Rajasthan, Uttrakhand, Himachal and Delhi.
Market sentiments are good and traders expect broiler prices to touch levels of Rs 110 a kg over the next couple of weeks, he said.
Egg is expected to trade between Rs 4.10 and Rs 4.15 for a piece but it may touch Rs 4.25, while chick may rule around Rs 28, said Aditya Mishra.
Prices of poultry feed products were unchanged following marginal fluctuation in the cost of production.
In the physical market, soyameal dropped by Rs 200 to Rs 34,300 a tonne, while bajra moved up by Rs 400 to Rs 13,400 a quintal.
Di-calcium phosphate was unchanged at Rs 34.60 a kg, MBM eased by 10 paise to Rs 31.70 a kg while maize improved by Rs 5 to Rs 1,485 a quintal. DRB went up by Rs 100 to Rs 7,400, while Mustard de-oiled cake eased by Rs 100 at Rs 14,800 a tonne.
Broiler concentrate quoted at Rs 2,010 while Broiler Starter Mash sold at Rs 1,550 for a 50 kg bag. Pre-lay mash sold at Rs 1,040. Layer concentrate 25 per cent was at Rs 1,480 while Layer concentrate 35 per cent was sold at Rs 1,165.
Broiler moved up by Rs 10 to Rs 88-90 a kg, egg ruled firm at Rs 4.02, while chick went for Rs 25, Re 1 up.
TheMeatSite News Desk