Business Standard

Tuesday, December 24, 2024 | 09:00 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Poultry producers cash in on beef slaughter ban as demand for chicken rises

Demand rose due to cattle restrictions, especially in northern states where Muslims are a minority

cows, cattle trade
Premium

Moutaz Al Khayyat, chairman of Power International Holding, bought cows in the US and Australia. (Photo: iSTOCK)

Reuters Mumbai
India's poultry producers are posting record profits as feed costs have dropped to a five-year low and on rising chicken demand after cattle slaughtering restrictions were enacted in the majority Hindu country.

Poultry company profits should continue to rise as raw material costs are set to remain depressed and demand rises due to the political fight over cattle slaughtering in India, home to the world's biggest population of Hindus, who hold cows to be sacred, plays out in the courts.

On May 31, the Madras High Court in the southern state of Tamil Nadu overturned a government ban on cattle

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in