#Soyabean Meal Market Trends

[marketpattern]

Soyabean Meal Market Growth Research Report | Size, Dynamics, Challenges By Forecast 2024 - 2031

The "Soyabean Meal Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.

What is the projected market size & growth rate of the Soyabean Meal Market?

Market Analysis and Insights:

Global Soyabean Meal Market

The soyabean meal market size is valued at USD 156.48 billion by 2028 and is expected to grow at a compound annual rate of 4.20% in the forecast period 2021 to 2028. The rapid increase in the number of farm animals and pet animals is the factor for the growth of soyabean meal market in the forecast period of 2021 to 2028.

Soybean meal is the type of by-product of soybean oil extraction. It is rich source of protein used for humans and livestock diets and is also used in the larger varieties of products such as, animal feed, health food, bakery products, cosmetics and in the manufacturing of antibiotics. Soybean meal is the primary source of animal feed which helps to enhance the process of metabolism and immunity for growth of livestock.

The major growing factor towards soyabean meal market is the high demand for protein-enriched food for both humans and animals. Furthermore, the rise in awareness regarding the health benefits offered by soyabean meal and abundant protein content are also expected to heighten the overall demand for soyabean meal market over the forecast period of 2021 to 2028. Moreover, the rapid rise in the demand of soybean meal for the manufacture of protein supplements and feed for the livestock are also expected to serve as foremost drivers for the soyabean meal market at a global level. In addition, the increase in the rise in pet trend and pet health are also lifting the growth of the soyabean meal market.

However, the easy availability of alternative meals and fluctuating prices of soybean meal are projected to act as a restraint towards the growth of soyabean meal market, whereas the low production of meal can challenge the growth of the soyabean meal market.

Moreover, the increase in the usage in healthcare products and protein drinks and high demand in pig and poultry industries are expected to further generate new opportunities for the soyabean meal market in the forecast period of 2021 to 2028.

This soyabean meal market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on soyabean meal market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

This research report is the result of an extensive primary and secondary research effort into the Soyabean Meal market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Soyabean Meal Market.

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Which are the driving factors of the Soyabean Meal market?

The driving factors of the Soyabean Meal market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Soyabean Meal across various industries further propel market expansion.

Soyabean Meal Market - Competitive and Segmentation Analysis:

Global Soyabean Meal Market, By Nature (Organic, Conventional), Form (Powder, Oil, Granular), Process of Production (Normal Soybean Meal, De-hulled [min 50% protein] Hipro Soybean Meal, DE-hulled [min. 48% protein] Hipro Soybean meal, Defatted Soya Flour Toasted, De-Fatted Soya Flakes Toasted), Application (Animal Feed, Food Industry, Beverage, Health Care Product), Distribution Channel (Supermarket, Specialized Stores, Online Stores, Retail Stores), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Which are the top companies operating in the Soyabean Meal market?

The major players covered in the soyabean meal report are ADM, DuPont, CHS Inc., The Scoular Company, Kohinoor Feeds and Fats Ltd., Kerry, Batory Foods, Denofa AS, Agrocorp, MJI Universal Pte Ltd., Gauri Agrotech Products Pvt. Ltd., Agro Ind Group, NOW Foods, Wilmar International Ltd., Cargill, Incorporated, Foodrich Soya Co. LTD., The Nisshin OilliO Group, Ltd., Mukwano Industries Uganda Ltd., Ghana Nuts Company Limited and Food Chem International among other domestic and global players.

Short Description About Soyabean Meal Market:

The Global Soyabean Meal market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Soyabean Meal. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.

Soyabean Meal Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.

Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.

This report focuses on the Soyabean Meal in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters

What are the key regions in the global Soyabean Meal market?

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil, Argentina, Columbia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Soyabean Meal Market Research/Analysis Report Contains Answers to your following Questions

What are the global trends in the Soyabean Meal market?

Would the market witness an increase or decline in the demand in the coming years?

What is the estimated demand for different types of products in Soyabean Meal?

What are the upcoming industry applications and trends for Soyabean Meal market?

What Are Projections of Global Soyabean Meal Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

Where will the strategic developments take the industry in the mid to long-term?

What are the factors contributing to the final price of Soyabean Meal?

What are the raw materials used for Soyabean Meal manufacturing?

How big is the opportunity for the Soyabean Meal market?

How will the increasing adoption of Soyabean Meal for mining impact the growth rate of the overall market?

How much is the global Soyabean Meal market worth? What was the value of the market In 2020?

Who are the major players operating in the Soyabean Meal market? Which companies are the front runners?

Which are the recent industry trends that can be implemented to generate additional revenue streams?

What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Soyabean Meal Industry?

Customization of the Report

Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Global Soyabean Meal Market Insights and Forecast to 2031

Introduction

Market Segmentation

Executive Summary

Premium Insights

Market Overview

Soyabean Meal Market By Type

Soyabean Meal Market By Function

Soyabean Meal Market By Material

Soyabean Meal Market By End User

Soyabean Meal Market By Region

Soyabean Meal Market: Company Landscape

SWOT Analysis

Company Profiles

Continued...

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Global Soyabean Meal Market – Industry Trends and Forecast to 2028

[irispublishersagriculture]

Iris Publishers - World Journal of Agriculture and Soil Science (WJASS)

Nutrient Intake, Fermentation, Digestibility and Growth Performance of Barbarin Lamb Supplemented with Sweet Lupin

Authored by S Abidi

In Tunisia, particularly in the arid and semi-arid zones, climatic conditions have caused the degradation of rangelands leading to a chronic forage deficit and a nutritional imbalance in animals, particularly in sheep and goats. Thus, energy and / or nitrogen supplementation has become essential to maintain these animals and ensure the expected performance. For this reason, Tunisia has resorted to the import of raw materials including soybean meal, barley and corn [1]. However, fluctuations in their prices on the world market are negatively affecting animal nutrition industry. Our country imports annually, over 300,000 tons of soybean meal at a price of 1.2dt / kg [2]. Similarly, these imported raw materials are unstably available on the Tunisian market which can affect the profitability of farms and alter the sustainability of animal production sector in Tunisia. As a result, several attempts to replace these foods, including soybean meal, have been considered by researchers. Protein crops (Lupine, faba beans and peas) are good alternatives to soybean meal because of their high crude protein content. However, despite their good nutritional quality, their use in animal nutrition is currently limited due to the presence of anti-nutritional factors (Faba bean tannins, lupine alkaloids) and their fluctuating availability on the market (limited forage legume crops). Thus, the main objective of this study is the evaluation of the substitution effect of soybean meal by sweet lupine on the ingestion, digestion, growth and meat quality in Barbarine lambs.

Materials and Methods

Animals

Twenty-four six-month-old Barbarine lambs were selected. The initial live weight averaged 23 kg. These animals were transported to INRAT headquarters. They were acclimated for 4 days to new housing conditions. Lambs were weighed than divided into three equal groups. All animals received oat hay ad libitum and concentrate. the first group received CC1 containing 75% barley, 22.5% soybean meal and 2.5% CMV, whereas the second received CC2 containing lupine as a substitute for soybeans in term of CP to be iso-nitrogenous with CC1. The third group received intermittently CC2 and CC3 which contain only barley and CMV. Animals have undergone a growth period (80 days) followed by a digestible period (10 days).

Sampling

During growth period, average daily growth was assessed through weighing animals biweekly. At digestible period, lambs were housed individually in metabolic cages and were allowed three days for acclimatization to new conditions. Animals received weighed amounts of corresponding feed. A 7-day faecal collection period started on the following day. After weighing the amounts of fresh feed, refusals and faeces, samples of each were taken daily. Part of each sample was used for DM determination and the other part (20% of the weight of the fresh refusals and faeces) was stored at 4 °C for hay and concentrates or at – 5 °C for faeces. Urine was collected in plastic recipients containing 100ml of a 10% sulphuric acid solution (v/v) to maintain pH below 3. After weighing, an aliquot (10%) corresponding to each animal was taken and frozen (- 20 °C). In the last day, pooled samples of individual feed refusal, and faeces were dried at 50 °C; ground through 1 mm screen then stored pending analysis. Pooled samples of urine were stored in the freezer (- 20 °C) until analyzed. Rumen fluid was taken in two consecutive days to measure pH and ammonia content and to determine protozoa number.

Analyses

Feed, refusals and faeces samples were analyzed for dry matter (DM), ash and crude protein according to AOAC [3]. They were also analysed for (NDF, ADF and ADL) [4]. Urine was analyzed for Kjeldahl nitrogen [3] and allantoin concentrations measured using a colorimetric method. Urinary excretion of allantoin (Y, mmol/d) was used to calculate microbial purines absorbed (X, mmol/d [5]. Rumen fluid samples were analyzed for NH3-N [6].

Statistical analysis

The statistical analysis of the results was performed using an analysis of variance according to the model: Yijk = μ + Ai +εi.

In which μ= arithmetic mean; Ai = the effect of diet (i= 1,2 or 3) and εi is the residual experimental error. Data were analyzed using the ANOVA procedure. All statistical analyses were carried out using the GLM (general linear model) procedures of SAS Package (1987). Differences between the means of all the analyses were analyzed using the LSMEANS procedure.

Results and Discussion

Nutrient contents of feeds are presented in Table 1. Soyabean meal is greater in CP than lupine, while the opposite trend was observed for NDF, ADF and ADL.

Diets intake and digestibility are shown in Table 2. Results revealed that the nature of the additional protein source did not affect feed intake (P> 0.05), which corroborates with results reported by El Maadoudi [7] and El Maadoudi and El Housni [8]. The level of hay ingestion considered similar between the three groups reminds us of the result reported by Ephrem et al. [9]. This could be explained by the importance of the nutritional quality of protein sources and the tolerance of sheep to lupine alkaloids. Nevertheless, our results are contradictory to those reported by Lestingi et al. [10,11] by testing the replacement of peas and faba beans. In addition, proteins source did not reveal a significant effect on digestibility of MS, MO, MAT and NDF (P> 0.05). The amount of DCPi was significantly affected (P = 0.0003). Purroy et al [12] did observed significant differences in DM, OM, CP and fiber digestibility’s by replacing soybean meal with lupine seed in lambs. The incorporation of lupine into different quantities improved digestibility’s of DM, OM and cellulose without affecting those of NDF and ADF [13]. Lupine had no significant effect on their average daily gain (ADG). This result agrees with those of many trials carried out on the replacement of protein seeds by lupine which revealed comparable digestive uses between diets [9,11,14,15]. Moreover, Facciolongo et al. [16] found that supplementation with soybean meal and lupine induced similar ADG, while Lestingi et al. [10] showed low weight gain in animals fed lupine diet compared to those which consumed faba beans. We note that although the 3rd group received half of the quantity of lupine consumed by the 2nd one, the corresponding lambs were able to have similar and even better ADG than the others. This leads us to think about the concept of food efficiency. It seems that these animals were able to optimize their efficiency to transform food resources into meat to reach same weight as the others. The nitrogen balance and microbial synthesis are shown in Table 3. It appears that all animals had positive balances. However, a significant variation in the amount of nitrogen intake and retention was observed in the 3rd group in comparison with the two others. This difference is explained by the variation of the ingested quantity of the concentrate. On the other hand, by correcting the retained nitrogen to the nitrogen intake, the nitrogen balance was similar for all diets, which confirms that animals had the same nitrogen use efficiency. Moreover, similar CP digestibility reinforces this finding.

The total amount of purine and the amount of microbial nitrogen were not influenced by the source of supplemented proteins (P> 0.05), which is consistent with the lack of effect on the CP digestibility. In accordance with our results, Yu et al. [17] found no significant differences between purine and microbial nitrogen concentrations in lambs supplemented or not with blue lupine or faba beans.

Table 4 presents the different fermentation parameters. Our study showed that the average pH of rumen juice was affected by the diet (P < 0.05). pH corresponding to the 2nd group (6.25) exceeded significantly that of the 1st group (6.07), but no significant difference was detected between pH corresponding to the 3rd group (6.13) and the others. Brand et al. [18] reported pH values ranged between 6.4 and 6.3 in castrated rams fed a lupine diet. Rumen ammonia level was affected only by diet (P > 0.05). The highest concentration was observed in daily lupine fed lambs (23.9 mg / dl). White et al. (2002) found that ruminal ammonia concentration was higher with lupine incorporation rate of 70% than with 35%, which corroborates the high ammonia level in animals receiving lupine daily and the low one in animals receiving lupine intermittently. Protozoa enumeration revealed a significant difference between diets. Animals belonging to the 2nd group had the highest number (15.3 * 105 / ml) whereas those of the 3rd group had the lowest one (11.7 * 105 / ml). This could be explained by the corresponding ammonia concentrations in the rumen since a large population of protozoa is generally associated with a high concentration of ammonia in the rumen [19,20].

Conclusion

It can be concluded that lupine grains can substitute safely soybean meal in diets of Barbarine lambs. The distribution intermittently of lupine seems to be a double interesting alternative to soybean meal. It decreases lupine quantity and therefore reduce feeding cost

[moneycafe]

India should encourage import of oilseeds than meals

India should encourage import of oilseeds than meals

The suggestion to allow import of soyameal to augment the availability of feed in the domestic market and contain prices deserves to be considered by the government. Soyameal prices have nearly doubled from the levels seen late year, hurting the feed industry. It is pertinent that prices of the raw material soyabean, too, have shown a similar price trend during the period which is reflected in…

[gmiresearch]

Soybean Market Research Report

Soybean Market:

Growth opportunities in the soybean market look promising over the next six years. This is mainly due to the high amount of nutritional value offered and the increase in the demand for by-products of soybean such as oil cakes and soybean meals.

Request for a FREE Sample Report on Soybean Market

Soybean Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The surging movement towards a vegan lifestyle promotes individuals to choose plant-based proteins like soybean is considered one of the major drivers stimulating the growth of the global soybean market. Also, soybean is high in protein and offers both carbohydrates and fats along with other vitamins, minerals, and important plant compounds which include isoflavones, which has strengthened the market growth. As per the soyabean market analysis, the widespread outbreak of the COVID-19 pandemic has resulted in a worldwide lockdown and temporary closure of hotels, meat-packaging, restaurants, and slaughterhouses, which has directly raised the market growth. Approximately 84% of the worldwide production occurs in Uruguay, Canada, and the United States, as these countries are the major exporter and producer of the product. The expansion in demand for its by-products, including soybean meals and oil cakes owing to their nourishment, is fuelling market growth. In accordance with the FAO statistics, the total production of soybean oil in the United States was 10.8 million metric tons in 2019, which was 10 million metric tons in 2016.

Application Segment Drivers

Based on the application, the dietary supplements are projected to lead the market over the forecast period. This is because of the surging consciousness about the health benefits of this product which includes the presence of useful nutrients such as carbohydrates, minerals, protein, and vitamins. The evolution of the coronavirus pandemic has persuaded people to opt for healthy products to improve their immune systems. This will propel the market growth.

Regional Drivers

Based on the regional coverage, the rest of the world is predicted to witness a higher CAGR during the forecast period. This is primarily due to their growing production in Brazil and Argentina. The rising awareness about the production farmers has accelerated the market growth.

Soybean Market’s leading Manufacturers:

·         Bunge North America

·         ADM

·         DuPont

·         House Foods Group Inc.

·         Kerry

·         The Scoular Company

·         Cargill, Incorporated

·         The WhiteWave Foods Company

·         FUJI OIL HOLDINGS INC.

·         CHS Inc.

Soybean Market Segmentation:

Segmentation by End-Use Products

·         Whole Soybean

·         Meal

·         Oil

·         Others

Segmentation by Application

·         Animal Feed

·         Aqua Feed

·         Biofuel

·         Food and Beverage

·         Dietary Supplements

·         Paints & Coatings

·         Others

Segmentation by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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[ijtsrd]

Studies on Lysine Accumulation in the Broth Culture of Bacillus Species using Carbohydrates as Carbon Sources and Seed Meals as Nitrogen Sources

by Okpalla J. | Ekwealor I. A. "Studies on Lysine Accumulation in the Broth Culture of Bacillus Species using Carbohydrates as Carbon Sources and Seed Meals as Nitrogen Sources"

Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-2 , February 2019,

URL: https://www.ijtsrd.com/papers/ijtsrd21444.pdf

Paper URL: https://www.ijtsrd.com/biological-science/microbiology/21444/studies-on-lysine-accumulation-in-the-broth-culture-of-bacillus-species-using-carbohydrates-as-carbon-sources-and-seed-meals-as-nitrogen-sources/okpalla-j

call for paper arts, arts journal, peer reviewed journal

Lysine production in the broth culture of Bacillus species using carbohydrates as carbon source and seed meals as nitrogen source was investigated. Different carbohydrate and proteins seeds were sourced from an open market in Awka Anambra State South Eastern Nigeria and prepared in the laboratory using standard procedures. The carbohydrates carbon source and seed meals nitrogen source were added into Erlenmeyer flasks containing the basal medium and inoculated with different cultures of Bacillus subtilis PR13, B. subtilis PR9 and B. pumilus SS16. Maize hydrolysate recorded the highest reducing sugar 5.2mg ml , followed by sorghum 4.8mg ml and the least was recorded by sweet potato 2.1mg ml .The best carbon source for maximum lysine yield by B. subtilis PR13 was millet, while for B. subtilis PR9 and B. pumilus SS16 it was sorghum respectively. Maximum lysine production by B. subtilis PR13 was stimulated at a millet concentration of 6 , while enhanced lysine yield by B. subtilis PR9 and B. pumilus SS16 was observed at a sorghum concentration of 6 . The best nitrogen source for enhanced lysine yield by B. subtilis PR13 and B. pumilus SS16 was soyabean meal respectively, while for B. subtilis PR9 the best was peanut meal. Optimum lysine yield by B. subtilis PR13 and B. pumilus SS16 was observed at soyabean concentrations of 4 and 2 respectively, while maximum lysine accumulation by B. subtilis PR9 was observed at 4 . These findings indicate appreciable lysine production capability of Bacillus species when agricultural products are used as carbon and nitrogen sources. 

[vsplusonline]

Egg, broiler prices slump as virus fears take heavy toll on sector

New Post has been published on https://apzweb.com/egg-broiler-prices-slump-as-virus-fears-take-heavy-toll-on-sector/

Egg, broiler prices slump as virus fears take heavy toll on sector

Chicken prices have crashed from ₹90 a kg last month to ₹20 in Mumbai, as retail buyers are staying away from consuming poultry for fear of the COVID-19 disease.

Despite several awareness campaigns to demolish misconceptions that poultry had something to do with the dreaded virus, people are still steering clear of chicken.

Poultry companies listed on the exchanges, such as Venky’s (India) Ltd and Simran Firms Ltd (SFL) are likely to report lower revenues this quarter as business has suffered. “Poultry prices are at all time low. Ex-farm broiler price is ₹10-15 per kg ( cost of production is ₹75 per kg) and egg prices are ₹1.5 per egg ex-farm (cost of production is ₹3.50 per egg).

Due to reduction in chicken and egg production, feed demand and prices are coming down on daily basis. The price of the main raw materia, like corn and soyabean meal, have dropped more than 10% over the last 2 weeks,” said a spokesperson for Godrej Agrovet Ltd.

As per a previous estimate, the poultry trade in Maharashtra was losing more than ₹10 crore a day due to lack of appetite for chicken.

“Though there is no direct link between chicken and the virus, people will stay away from poultry as long as the fear is there. It will impact poultry firms like Venky’s and SFL and any other company linked to this business. In this quarter, their revenues will be lower and the trend has been reflected in their share prices on account of this direct impact,” said Ambareesh Baliga, independent equity analyst.

Poultry farmers are bearing the brunt due to the price crash. “The business has collapsed. Now, prices have crashed to ₹20 a kg. Earlier, I used to sell 150 birds day, now it has come down to a dozen,” said Salim Momin, a poultry dealer from Lalbaug, Mumbai.

In Tamil Nadu, which produces nearly one crore broiler chicken a week, the industry is badly hit.

“The broiler sector in the State has suffered nearly ₹600 crore loss in the last one month,” said R. Lakshmanan, MD of Shanthi Feeds and president of Broiler Coordination Committee.

He told The Hindu that the farmgate price for broiler in Tamil Nadu was fixed at ₹15-₹20 a kg on Thursday and ₹25-₹30 a kg on Friday. “The prices went to almost nil level and are reviving for the last two days. Retail off-take is improving now,” he said.

The poultry sector has appealed to the Centre for restructuring of bank loans, moratorium for a year and interest subvention support. “We fear the industry will lose sustainability if there is no support from the government,” Mr. Lakshmanan said.

Prices of eggs have also seen a decline.

P. Selvaraj, zonal chairman of the National Egg Coordination Committee, Namakkal, said egg prices had slumped to ₹1.25 each (farm gate price). “We fixed the price at ₹2 an egg. The actual price at which it is sold by farms is ₹1.25,” he said. The normal farmgate price at this time of the year used to be ₹3.50-₹3.60. Tamil Nadu produces nearly three crore eggs daily. Eggs are also supplied to Kerala, Bengaluru and in winter, to north India as well. With the virus impact, “there is a daily loss of nearly ₹7.5 crore,” he said. Farmers have reduced production from 3.5 crore eggs to 3 crore. They have stock worth ₹15 crore, he said.

Prices of maize that goes into making poultry feed has reduced significantly.

Grain merchant Devendra Vora, proprietor, Friendship Brokers, APMC Market, Navi Mumbai, said maize prices have been falling over the last 2-3 months.

“Since demand for poultry feed has come down, maize prices have suffered. Due to the coronavirus effect, prices have fallen to ₹1,500-₹1,600 per 100 kg from ₹1,900 in January.”

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