Nepal: Heavy investment in poultry pays off
Growth of poultry products in Nepal is expected to rise by 30% to the value of Rs 53 billion - around 4% of Gross Domestic Product (GDP) - as investments are made to cater to rising demand and consumption.
Investments have led to 5,000 new poultry farms across the country over the past year to take the number of total poultry farms to around 18,000.
“New investments are coming in feed, hatchery, egg production and broiler chicken production in new urban areas where demand of poultry products is growing sharply. Production is expected to shoot up by an all-time high rate of 30 percent this year to cross Rs 53 billion,” Dr. Til Chandra Bhattarai, a poultry researcher and poultry entrepreneur, told local media outlet, Republica.
With the rising demand for poultry products, existing farms are expanding their operations whereas fresh investment is also increasing in emerging poultry sectors such as Nuwakot, Kavre, Kathmandu, Udaypur, Surkhet, Kohalpur, Hetauda, Baglung, Pokhara, among others.
“We have sufficient prospects for increasing the demand for eggs and chickens in the domestic market as our consumption is far below the Asian and Western countries´ level,” said Bhattarai, who is also the managing director of Chitwan-based Pancha Ranta Group - one of the country’s largest poultry producers.
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