Financial Daily from THE HINDU group of publications
Monday, Nov 29, 2004
Financial Daily from THE HINDU group of publications Monday, Nov 29, 2004 |
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Agri-Biz & Commodities
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Poultry Broiler prices climb down G. Gurumurthy
Coimbatore , Nov. 28 AFTER touching the season's high of Rs 42 a kg, the farm-gate price for broilers in Tamil Nadu has begun to taper off amidst falling demand. The live-bird price during the week that first slid to Rs 38 continued its down-march to touch this weekend Rs 30-31 band, though the official price quote given by the State broiler coordination committee (BCC) has put the wholesale price slightly higher at Rs 33 a kg. The broiler producers have moved to readjust the live-bird marketing on the possibility of further slide in consumer demand for chicken due to the religious austerity periods over the next few weeks that may last up to January. Broiler trade sources, which describe the current price trend as `normal' in the prevailing market condition, hope the fluctuation would be confined on a narrow band. The chicken producers may get the price cushion from the normalcy seen in the poultry feed ingredients' prices, which have eased. The price of two key feed inputs — maize and soyameal — has stabilised at the normal price band of Rs 5,300-5,500 and Rs 10,500-11,000 a tonne. The easy price trend for these commodities, the poultry producers view, has enabled the broiler producers keep their production cost under control.
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