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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Heatwave kills millions of chickens, prices soar in India

Heatwave kills millions of chickens, prices soar in India

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VALUEPICK

VALUEPICK
Expert
Expert
http://timesofindia.indiatimes.com/india/Heatwave-kills-millions-of-chickens-prices-soar/articleshow/47505757.cms

MUMBAI: Chicken prices in India soared to a record high after a heatwave killed more than 17 million birds in May, as temperatures regularly above 40-degrees celsius led to mounting casualties among livestock as well as humans.

May and June are typically India's hottest months but this year temperatures have been above normal in some regions partly due to the emergence of an El Nino weather pattern, which in 2009 brought the worst drought in four decades to the country.

The millions of dead birds will be a major blow both for the growing poultry sector in the country and for local corn producers who were hoping rising feed consumption would soak up their grain supplies.

India has been struggling to export corn after global prices hit five-year lows late last year on record US and South American production. And the outlook has now been further muddied by indications the country's poultry producers may not consume as much of the grain as previously expected.

"In the last two-three weeks poultry feed demand has fallen nearly 30 per cent," said KV Krishna Charan, general manager at feed producer Komaral Feeds and Foods Pvt Ltd.

Complete coverage on heatwave in India

Prices of corn and soymeal have dropped nearly 4 per cent in May due to the weak demand driven by higher bird mortality.

Usually bird mortality rate remains around 2-3 per cent during summer, but it rose to 10 per cent last month amid the scorching heat, said Prasanna Pedgaonkar, deputy general manager at chicken processor Venky's (VENK.NS).

With more than 17 million broiler chickens dying in May — the highest ever deaths per month — wholesale chicken prices in western India jumped to a record 95 rupees per kg, up 35 per cent over a month.

A ban imposed by the western state of Maharashtra on beef also contributed to the rise in chicken prices, offsetting a drop earlier in the year when a bird flu outbreak pushed down prices to below production costs.

READ ALSO: Labourers, homeless hit hardest by heatwave 

Chicken is set to become more costly as mercury levels continue to rise in June, industry sources said.

Broiler chickens cannot survive if the temperature stays above 45-degrees gelsius for long, said Vasant Kumar, president of the Poultry Breeders Welfare Association of Maharashtra.

Maximum temperature in the southern states Andhra Pradesh and Telangana, which account for a third of India's poultry output, rose above 47-degrees celsius last week, 3 to 7 degrees above normal, killing more than 2,100 people.

India was expecting monsoons to bring some relief, but the arrival of the June-September rains over the southern coast of Kerala has been delayed. The rains are now expected to reach by June 4, instead of May 30, a weather department official said.

READ ALSO: Heatwave continues in many parts of India, toll crosses 2,000

"Temperatures need to go down. Further extension of the heatwave by a week can kill a few more million birds," said Pedgaonkar from Venky's.

VALUEPICK

VALUEPICK
Expert
Expert
Not only in countries such as USA and Canada there could be egg and poultry shortage in India as well due to latest development in the global poultry market. Global poultry supply will go down further. Therefore there will be great demand for listed quality poultry and egg companies in the coming days, month and years.

http://www.dnaindia.com/money/report-chicken-prices-up-30-as-heat-wave-kills-24-crore-birds-in-india-2091402
 
Chicken prices up 30% as heat wave kills 24 crore birds in India.

VALUEPICK

VALUEPICK
Expert
Expert
The severe heat wave has killed more than 50 lakh chicken across Telangana in two weeks in India pushing prices of chicken in the retail market to over Rs 200 a kg for the first time in both states. The heavy poultry mortality, which has not spared neighbouring Andhra Pradesh either, has sent prices of chicken and eggs skyrocketing.
 
Wholesale consumer-grade eggs hit all time high on Tuesday in global poultry market. Domestic egg production is expected to fall in 2015 according to the U.S. Department of Agriculture. It will take 18 months to two years to replenish the country’s flock of laying hens, according to an analyst at the Egg Industry Center in Ames, Iowa.
 
The latest development in the poultry world could affect corn prices. Animal feed prices will go down further.

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
VP you got my heart beating fast!

Chicks dying by the millions in India.
That was a terrific Header!!!
Very Happy Very Happy

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