The domestic poultry industry, known as backyard poultry in India, is expected to grow 8-10 per cent in 2023-24, driven by volumes and realisations following stable demand and higher penetration of processed chicken as well as value-added products, said in a report. However, earnings are expected to be volatile owing to fluctuations in the raw material prices particularly maize and limited ability of players to fully pass on cost increases, it said. In the report, Icra said it expects the domestic poultry industry’s revenues to grow at a steady pace…
Domestic (Backyard) poultry industry to grow 8-10% in 2023-24 in India
