January 2024 proved to be a month of mixed trends in the poultry market, with chicken and farm egg prices undergoing fluctuations. This article sheds light on the details of these trends by examining the factors influencing market dynamics and exploring possible reasons for the observed variations.
Poultry Chicken Price Trends:
The month got off to a strong start as chicken prices touched Rs 541 per kg. Thereafter, there was a gradual decline, but there was a notable spike in mid-January, pushing prices to Rs 658 per kg. The latter part of the month saw stabilization, with prices settling around Rs 644 per kg.
Farm Egg Price Trends:
Wholesale farm egg prices, measured at 30 per dozen, showed a distinctive pattern. Starting at Rs 11,100, prices moved upward, touching Rs 12,360. However, late January saw a notable decline, with prices falling to Rs 10,980.
Possible influencing factors:
Climate change and demand reduction