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Telangana poultry body seeks rescheduling of loans

G Naga Sridhar Hyderabad | Updated on January 22, 2018 Published on December 15, 2015

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The Telangana Poultry Federation (TPF) has sought rescheduling of poultry loans of about Rs 15,000 crore.

Addressing a press conference here on Tuesday, its president Errabelli Pradeep Kumar Rao said there was a mismatch between increase in feed prices and escalation in egg prices.  ``While feed price has been increasing by about 20 per cent per annum for the least three years, egg prices have gone up only 5 to 7 per cent causing severe distress to poultry farmers," he said.

The present price in the state is between Rs 4.50 and Rs 5 per egg and the farmer’s price is between Rs 3.75 and Rs 4.

According to K V S Subba Raju, Vice-Chairman, National Egg Coordination Committee, the poultry industry faced multiple problems including high input costs and water scarcity. "With Rs 18,000-crore turnover, Telangana state stands first in the country, with Rs 1 lakh crore turnover per year. We request the state and Centre to save the industry,’’ he said.

Andhra Bank is likely to give a one-year moratorium on poultry loans, said K Narayana Reddy, Convenor of TPF. ``We request all other banks to provide a one- to two-year moratorium on poultry loans," he said.

There are 21,000 poultry farmers in Telangana and the daily egg production is over three crore. About four lakh people directly depend on the poultry industry.

Published on December 15, 2015
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