India: India's Poultry Market - A Snapshot of 2020-21

  |   Attaché Report (GAIN)   |   IN2021-0105

The past two years have been challenging for India’s poultry sector. With rumors running rampant linking poultry consumption to contagion with the COVID-19 virus, demand for poultry has been affected, dragging down prices. As consumer confidence with safety of poultry consumption began to recover towards the end of 2020 and into early 2021, the outbreak of avian influenza in February 2021 newly pummeled the poultry sector with steep drops in consumer demand with a concomitant decline in domestic poultry prices. At the same time, poultry feed (soybean meal) prices began rising in January and were 200 percent higher by mid-summer compared to 2020 prices. India’s poultry sector, notwithstanding the turbulent 2020-21 years, has been one of the fastest growing segments of Indian agriculture. At a time that agricultural production has been growing at a rate of one-two percent per annum, the production of eggs and broilers has risen by some estimates at eight to ten percent.

Related Reports

The COVID-19 pandemic boosted organic food sales in the EU, enabling it to overtake the U.S. market in 2021. However, spiraling inflation combined with high food and energy prices will likely reduce organic food sales in most EU markets in 2022.
Attaché Report (GAIN)

Philippines: Pet Food Market Brief

With one of the highest dog and cat ownership rates in Asia, the Philippines presents a growing opportunity for U.S. pet food. As pets became more popular household companions, especially during the pandemic, pet ownership and pet food sales have grown immensely over the past five years.
Attaché Report (GAIN)

Canada: Grain and Feed Update

In the marketing year 2022/23, wheat production increased more than 50 percent from the previous year to 33.8 million metric tons on increased area planted and higher yields due to improved soil moisture.