Price of poultry products rises 95% in India

The price of chicken and eggs in India rose by up to 95% in different areas due to higher feed costs over the past fiscal year, the country’s Agriculture Minister, Sharad Pawar, has said.

“Average prices of chicken in different stations during 2012-13 have shown an increase, ranging from 3.8% to 95.5% compared to 2011-12,” Pawar told local media sources in India.

One of the major reasons for the increase in the price of poultry products is the rise in the price of poultry feed and feed ingredients like soyameal and maize, Pawar confirmed.

The Minister also said the government has not imposed a ban on poultry exports following the recent outbreak of avian influenza.

Source: The Hindu