Chicken Prices
Licious buys 'My Chicken and More' to gain physical foothold in Bengaluru
'My Chicken and More' generates annual revenues of close to ~110 crore, processing 1.8 million orders a year and its acquisition adds 23 stores to Licious' offline network
 "Licious buys 'My Chicken and More' to gain physical foothold in Bengaluru")
Sheep and goats need meaty ideas
The domestic consumption of both mutton (sheep meat) and chevon (goat meat) is also steadily increasing despite their prices being far higher than the meat of chickens, buffaloes, and pigs
 "Sheep and goats need meaty ideas")
Godrej plans stake sale in food JV; in talks with potential investors
In talks with potential investors, including PE firms; valuation of company not disclosed
 "Godrej plans stake sale in food JV; in talks with potential investors")
QSR chain Wow! Momo Foods aims to double revenues in the next 30 months
The round will provide partial exits to initial investors Indian Angel Network and Lighthouse Funds. Daryani also mentioned that about Rs 180-190 crore was for the primary funding of the business
 "QSR chain Wow! Momo Foods aims to double revenues in the next 30 months")
Fall in prices of onion, tomato pushed cost of veg thali down 3% in Dec
On a year-on-year basis, however, the cost of veg thali continues to be higher than in December 2022
 "Fall in prices of onion, tomato pushed cost of veg thali down 3% in Dec")
Huge demand for Indian chicken, basmati rice in Middle East: UAE industry
Seeking Indian government support for imports, the UAE food industry said that huge demand is there in the Middle East countries for chicken, dairy, basmati rice, frozen marine goods and wheat products from New Delhi. The UAE industry has sought the support of the Indian government in smooth certification processes, more coordination with Agricultural & Processed Food Products Export Development Authority (APEDA), and harmonisation of standards. They also said that high quality packaging of Indian products would help boost New Delhi players to increase exports of food and food products in countries like Bahrain, Kuwait, the Sultanate of Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). Commerce and Industry Minister Piyush Goyal, who was in the UAE, last week held detailed discussions with these importers and discussed ways to increase exports from India. "There is huge scope for India to export frozen products in these countries," Global Food Industries LLC Head of ...
 "Huge demand for Indian chicken, basmati rice in Middle East: UAE industry")
Chicken leg imports will continue to attract 100% duty, says govt
The statement could assuage some of the concerns gripping the Indian poultry industry ever since India decided to lower tariff on some poultry items from the US
 "Chicken leg imports will continue to attract 100% duty, says govt")
For a veg thali of Rs 100, Indians paid Rs 109 in 2022; Rs 132 for non-veg
The rise was sharper in the case of non-veg thali because chicken prices rose 55% between April and December
 "For a veg thali of Rs 100, Indians paid Rs 109 in 2022; Rs 132 for non-veg")
Licious launches D2C plant-based meat brand, eyes pole position within a yr
The plant-based meat market in India is likely to touch $500 million in three years, according to analysts.
 "Licious launches D2C plant-based meat brand, eyes pole position within a yr")
Poultry farmers complain companies are underpaying them for rearing birds
The contract farming model isn't benefiting the growers anymore, they allege
 "Poultry farmers complain companies are underpaying them for rearing birds")
Distress in Singapore as Malaysia bans chicken export to curb rising prices
Prime Minister Ismail Sabri Yaakob announced last week that, beginning June 1, Malaysia will ban exports of 3.6 million chickens a month until domestic prices and production stabilize.
 "Distress in Singapore as Malaysia bans chicken export to curb rising prices")
Delhi opens Ghazipur Mandi, allows poultry as tests show no bird flu spread
Giriraj Singh welcomes move, says will send positive message across country
 "Delhi opens Ghazipur Mandi, allows poultry as tests show no bird flu spread")
Centre says bird flu outbreak confirmed in ten states so far
Centre stressed on increased surveillance around water bodies, live bird markets, zoos and poultry farms
 "Centre says bird flu outbreak confirmed in ten states so far")
Poultry industry hit by bird flu fears, chicken prices drop by 50%
Due to the fear of bird flu, the sale of chicken and chicken products have been hit the worst
 "Poultry industry hit by bird flu fears, chicken prices drop by 50%")
Bird flu outbreak dents chicken sales, poultry farmers hit, says report
A Delhi government official on Friday said around 50 birds, mostly crows, have died in Dwarka, Mayur Vihar Phase-III and Hastsal in west Delhi in the last three to four days.
Bird flu scare hits chicken consumption, sales in Andhra Pradesh
The fresh scare of bird flu that has spread its tentacles across various states in the country has pulled down the consumption, price and sale of chickens in the state
 "Bird flu scare hits chicken consumption, sales in Andhra Pradesh")
Coronavirus rumours lead to 50% drop in chicken sales, 70% fall in prices
Yadav also mentioned that the government has issued advisories that coronavirus does not spread from chicken and asked state governments to take action against rumour mongers
Chicken prices rise over ban on cattle sale for slaughter: Assocham
Rising per capita incomes and growth in QSR formats are other key reasons for growing demand
 "Chicken prices rise over ban on cattle sale for slaughter: Assocham")
