Feed costs may spike going forward, exerting pressure on margins of poultry companies in H2 FY2024 commodity inflation could disrupt the momentum in H2 ICRA, a prominent credit rating agency, has said in its PR that Indian Poultry Industry maintained its revenue growth projections for the domestic poultry sector1 in FY2024, estimating a range of approximately 8-10%. This optimistic outlook is fueled by substantial volume expansion and an increasing market share of organized players within the industry. The first half of FY2023 witnessed robust realizations; however, they gradually declined due…
Year: 2023
Get ready for the biggest Poultry trade show floor yet as the 2024 IPPE kicks off!
Get ready for the 2024 International Production & Processing Expo (IPPE), happening from January 30 to February 1 at the Georgia World Congress Centre in Atlanta, Georgia. This time around, the exhibition space has expanded to a whopping 600,800 square feet, taking up all four halls of the center and marking it as the biggest trade show floor in IPPE’s history. With over 1,295 exhibitors on board, attendees can expect a full week of educational programs, cutting-edge technology displays, interactive activities on the show floor, and ample networking opportunities with…
AFIA Welcomes Taylor Lekin as its Marketing and program Development Coordinator
The American Feed Industry Association (AFIA) announced the addition of Taylor Lekin as its marketing and program development coordinator, effective from December 11. In this newly created position, Lekin will play a pivotal role in marketing AFIA’s educational and networking events as well as the overall value of AFIA membership. In addition, Lekin will work closely with the executive director of the Institute for Feed Education and Research (IFEEDER), on an ambitious branding campaign to communicate the need for industry leaders and stakeholders to invest in the future of the…
Devyani International Expands into Thailand with $129 Million KFC Deal
India’s Devyani International announced its strategic move into the Thai market by acquiring Restaurants Development Co for a substantial $128.9 million. The deal, set to conclude by March 2024, positions Devyani to take charge of 274 KFC outlets in Thailand, presently operated by the acquired company, employing over 4,500 individuals. Through its Dubai unit, where it holds a majority stake of 51%, Devyani orchestrated the acquisition, with the remaining ownership held by Singapore-based private investment firm Temasek Holdings. In a statement, Devyani expressed optimism about Thailand’s robust poultry market, emphasizing…
World Organization for Animal Health Approves Self Declaration of Freedom from Avian Influenza in Indian Poultry Compartments
Union Minister Shri Parshottam Rupala while interacting with media onboard while commencing the next phase of Sagar Parikrama program from Chennai stated that this is a big news and will be a game changer for our poultry sector In a significant development for India’s poultry industry, the World Organisation for Animal Health (WOAH) has approved India’s self-declaration of freedom from Highly Pathogenic Avian Influenza (HPAI) in specific poultry compartments. This achievement is a testament to India’s commitment to maintaining high standards of animal health and biosecurity. Background on Zoning and…
Virbac Strengthens Position in Indian Animal Health Market through Acquisition of Globion
Virbac, a prominent player in the global animal health industry, has recently announced a significant agreement to acquire Globion, a leading specialist in poultry vaccines based in India. This strategic move is poised to enhance Virbac’s leadership in the Indian animal health market by expanding its poultry portfolio into the rapidly growing segment of avian vaccines. Founded in 2005 as a joint venture between Suguna Group, a major Indian poultry conglomerate, and Lohmann Animal Health, a German specialist in poultry vaccines, Globion has emerged as a key player with robust…
A Sunny Forecast for the Worldwide Poultry Industry
In recent months, the global poultry industry has experienced a sluggish growth phase. However, a recent report from Rabobank suggests that the fourth quarter of 2023 and early 2024 may bring positive changes, thanks to improved demand and reduced costs. The projected growth for the global poultry market in 2023 is modest, expected to increase by 1.2%, which is below the historical average of 2.5% per year. Despite this, Rabobank remains optimistic about the market’s positioning for the upcoming year. Nan-Dirk Mulder, senior analyst of animal protein at Rabobank, pointed…
Cobb expands its footprint in Africa with new Joint Venture
Cobb is strategically expanding its presence in Africa through a new joint venture with the Irvine’s Group. The Irvine’s Group, Cobb’s longest-standing distributor, has been actively involved in the production and distribution of Cobb products in Africa for an impressive span of 72 years. The focus of this joint venture is the establishment of a new grandparent (GP) operation in Tanzania, aimed at providing East Africa with a sustainable source of healthy, affordable, and high-quality broiler breeding stock. This initiative serves to reinforce Cobb’s already robust foothold in the region,…
Avian Influenza Ravages South African Poultry Industry: 7.5 Million Chickens Culled, Triggering Shortages in Poultry and Eggs
South Africa finds itself in the midst of a poultry apocalypse, with over 7.5 million chickens culled to combat the rampant avian influenza. The government, alongside the national poultry association, attempts to downplay the severity of the situation, but the grim reality is painted by the decimation of at least 205,000 chickens in over 60 outbreaks across the nation. The culling frenzy extends to 2.5 million meat-bred chickens and an additional 5 million egg-layers, collectively representing 20-30% of the country’s total chicken stock. The government hastily scrambles to issue import…
IEC Felicitated Jagapati Rao with Lifetime Achievement Award
International Egg Commission has recognized Srinivasa Farms Founder and Chairman, Mr. Jagapati Rao Chitturi with a Lifetime achievement award for his service to the Egg industry. In a year when India has become 2nd in global egg production, Shri Chitturi Jagapati Rao’s contribution to India’s food security, and Indian Economy are timely recognized. IEC’s Global Leadership Conference held last week ata Canada, where Mr. Chitturi Jagapati Rao was honoured with the Denis Wellstead Award for ‘International Egg Person of the Year’, recognizing his outstanding contributions to the Indian poultry sector. Mr Chitturi…