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Egg and Chicken Prices Expected to Rise by 25-30% by December
Sentiment: NeutralHigh Priority
What Happened?
The cost of eggs and chicken is projected to increase by 25-30% by December due to rising poultry feed prices, particularly maize and broken rice. Wholesale egg prices may reach Rs 8 per piece, while dressed chicken could hit Rs 275 per kg.
Key points
- Poultry feed costs, including maize and broken rice, have risen by 30-45% over the past month.
- Wholesale egg prices are currently Rs 6-7 per egg and are expected to rise to Rs 7-8 by December.
- Dressed chicken prices are projected to increase from Rs 225-250 per kg to Rs 260-275 per kg.
- Maize prices have doubled in the past year, now selling at Rs 34 per kg.
- Broken rice prices have increased from Rs 14-15 per kg to Rs 31-32 per kg over the past year.
- A deficient monsoon in key maize-producing states may lead to a 15-16% decline in maize output.
Key insights
- Higher feed costs may lead to reduced poultry production, affecting supply.
- Consumers may seek alternative protein sources as poultry prices rise.
- The increase in maize prices could continue to pressure the poultry industry.
Why it matters
Rising poultry prices could impact consumer spending during the festive season.
Source
Times of India
