Poultry players face rising feed prices heat, margins to be under pressure in the near-term: ICRA

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Poultry players face rising feed prices heat, margins to be under pressure in the near-term: ICRA
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, ET Bureau
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Synopsis

The revenues of Indian poultry industry are expected to grow by 5-6% in FY2022 compared to 2-3% growth witnessed by ICRA’s sample set of 10 large poultry integrators in FY2021. Continued demand recovery supported by opening up of hotels & restaurants and uptick in broiler realisations will support this growth, said ICRA in a release.