India's poultry feed prices have increased by 69 percent so far in 2012 due to lack of rainfall and higher global rates, according to reports, making it likely that chicken and egg prices will also increase throughout the year.
The 69 percent year-on-year rise in July is up from the 18 percent increase in June, said research firm Nomura. The numbers are also outpacing those set during the country's 2009 drought. Cereal prices could rise, as well, according to Nomura, if farmers choose to find substitutes for poultry feed as a way to control costs.
The 69 percent year-on-year rise in July is up from the 18 percent increase in June, said research firm Nomura. The numbers are also outpacing those set during the country's 2009 drought. Cereal prices could rise, as well, according to Nomura, if farmers choose to find substitutes for poultry feed as a way to control costs.
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