Indian poultry Industry revenues to grow by 8-10% : ICRA

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…

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…