On one side the corona virus (COVID-19) outbreak has already slumped down the global economy, livestock and poultry industry has been suffering huge losses yet increasing over time. Amongst all, the Indian poultry market, which is valued over 90,000 crores has plummeted the most, resulting in more than 30% fall in the sector; which is also reported to affect 4 million employs of the country directly or indirectly.
The outlet prices have come down to 35-55Rs per kg live weight depending on the region, while 80-85Rs is cost of production per kg. As it was not enough, wholesalers saw decline in meat consumers by over 50%. At the same time there is hardly any variation in its products prices, benefiting traders in a way. Misinformation aired on the social media platforms can be blamed for the rumors for the unsupported claims of any relation of poultry and meat products with COVID-19. As per the reports, the impact is even worse in the western countries.
Already enduring livestock industry with the competitive raw ingredients prices like Soyabean and Maize in their compound feed, COVID-19 has also blown away steady growth of the industry. This will probably take long recovery period to reconcile the industry losses.
Again, to make up the bridge of pork industry affected by ASF(African swine fever), china had shown 12% growth in poultry sector last year, however after being the epicenter of novel COVID-19, the meat market is substantially disrupted. Insecurity of the supply chain has led to shut down the main feed manufacturers and slaughterhouses across the globe.
Not only the Asian countries, but also the whole world is experiencing the consequences of Corona Virus in livestock and feed industries along with fall in all markets at the start of new year. Keeping the belief on our rigorous safety practices and advanced medicine, hopefully we will soon get a breakthrough to tackle down the monstrous virus, which has already spread over more than 70 countries and costs thousands of lives and counting.
Vinayak industries private limited is stepping up with animal and feed industries to provide the best, pivotal and innovative products to heal economy, nurture and benefit the farmers while assuring safety and satisfaction to our consumers. Kindly check out our website for more content and our diverse range of scientifically studied products for multiple species.