Poultry Industry Cuts Production After Feed Price Rise Industry

India’s poultry industry is cutting production. The Industry says costs have gone too high. This change comes after a sharp rise in feed prices.

Soybean meal prices have increased by more than 40%. Soybean meal is a main part of chicken feed. Because of this, raising chickens has become much more expensive.

The Industry has decided to reduce production by 25%. Farmers are also reducing breeder birds. These are parent birds that produce chicks for future chicken farming.

This step will reduce the number of chickens in the coming months. It may also help farmers avoid big losses from high costs.

Industry groups say another reason is low demand in certain months. From July to October, people eat less chicken in many parts of India. Festivals during this time also affect demand.

Because of this, companies want to match supply with lower demand. They hope this will keep prices stable in the market.

Some poultry groups are also asking the government for help. They say India has enough soybean supply. But prices are still rising too fast.

They believe market issues like hoarding may be pushing prices up. They want better control of prices.

The Industry has also asked for permission to import GM soybean meal. They say imports could help reduce feed costs and support farmers.

Experts say feed is the biggest cost in poultry farming. So even a small price rise can cause a big impact.

The Industry now hopes for quick action to solve the problem. They want stable prices and a steady supply of feed in the future.