Poultry suffers as Indian feed grain exports grow

Increasing feed grain exports from India is making it difficult for local poultry producers to negotiate local prices. Poultry Farmers and Breeders Association (Maharashtra), President, C Vasanthkumar told Asian Agribiz prices corn and soybean meal prices have gone up by 46% and 53% respectively. This has increased cost of production to historic highs of USD 1.37/kg. The USDA in November 2021, expected Indian corn exports to drop to 2.5mt in MY 2021/2022, from 3.59mt in 2020/2021. The war in Ukraine has made Indian corn attractive in the region.