NEW DELHI: Margins of India's poultry industry are expected to contract sharply in the financial year 2022 amid high input costs. Prices of soybean and maize, the two key inputs that are used as livestock feed in the poultry industry, are rising sharply due to the conflict between Russia and Ukraine.
First, it was Covid, when poultry product prices fell on misconceived fears linking their consumption to the virus’ transmission. Then followed the nationwide lockdown, after which came the avian influenza outbreak of January-February 2021, which hit sales just when consumption was recovering. And just as that passed, the second Covid wave struck . And now, just as the industry was getting its feat back, feeder prices have shot up due to the Russia-Ukraine war.
