Farmers face 15% loss as poultry feed costs surge
Poultry farmers are currently experiencing losses of approximately 15% due to rising livestock feed costs. Key ingredients have seen price increases of up to 75%, affecting farmers' ability to cope. Dairy producers, particularly in drought-affected regions, struggle to source necessary fodder for their livestock. Feed manufacturers are also feeling the impact as higher prices reduce demand for…
Poultry farmers across India are grappling with a 15% loss in revenue due to a sharp rise in the cost of livestock feed, as key ingredients soar by up to 75%. Experts attribute this surge to weak consumer demand, which limits their ability to pass on the increased expenses to consumers. Dairy producers in drought-stricken areas are also facing challenges in sourcing fodder.
Prices of essential feed components have surged significantly. Mustard meal has climbed by 75%, deoiled rice bran meal by 68%, corn DDGS by 66%, groundnut meal by 43%, and maize by 8%. These high feed costs are causing margin pressure for feed manufacturers as well. Industry associations have called upon the government to relax maize import restrictions and release unfit-for-human-consumption foodgrains for use as livestock feed.
The escalating conflict between poultry farmers and ethanol manufacturers over maize supplies has intensified. Poultry farmers are competing with ethanol producers for higher shares of maize, as its production has declined due to a poor monsoon season.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Farmers face 15% loss as poultry feed costs surge economictimes.indiatimes.com
