Business · Energy & Commodities · 6 hrs ago

Rising feed costs push poultry farmers into losses

Rising feed costs push poultry farmers into losses

Poultry farmers are losing about 15% as the cost of livestock feed rises.

The pressure is also squeezing dairy producers, especially in drought-hit regions where fodder is hard to find.

Prices of key ingredients have climbed sharply, including mustard meal, which is up 75%.

Weak consumer demand limits producers’ ability to raise prices, so they cannot easily recover those higher costs.

Maize is also in short supply after a deficient monsoon reduced production, while poultry and ethanol manufacturers compete for it.

Industry groups want the government to ease maize imports and release foodgrain stocks unfit for people to eat as animal feed.

These steps are requests; no government action is stated.

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