Page 36 - Think Grain Think Feed - Noc 2025 Issue

www.benisonmedia.com INDUSTRY NEWS cash flows. The poultry industry is divided between the layer across nine coastal states and supports nearly 10 million although no subsequent orders followed. www.benisonmedia.com

Think Grain Think Feed - Volume 12 | Issue 1 | Nov 2025
Think Grain Think Feed - Volume 12 | Issue 1 | Nov 2025

Non-GMO Advantage Drives
people. But falling prices and disease outbreaks are forcing
(egg) segment, which contributes 55% of the sector's value,
Beyond the Gulf, markets such as Japan and Indonesia have
India's October Soymeal Export
and the broiler meat segment, which accounts for the
farmers to dump stock and avoid new cycles. Farmers also
shown rising interest in Indian eggs and egg products.
Growth
often fails to adapt to Indian conditions, causing further
The broiler segment is expected to witness muted revenue
January, making FY26 a strong year for poultry shipments.
disease issues. They urge the government to promote locally
growth of 1–3% this fiscal, as wholesale broiler prices fell
India had seen a 9% decline in poultry exports in 2024–25,
India's soymeal exports recorded a strong rise in October, remaining 45%. blame poor-quality imported brood stock from the US, which Exporters expect this momentum to continue through
touching an estimated 163,000 tonnes compared with nearly 20% year-on-year to INR 110–115 per kg in Q1. This bred brood stock to reduce risk. but rising global demand appears to be reversing that trend.
111,000 tonnes during the same month last year, according drop was triggered by a short summer and early The crisis has hit hatcheries hard. India's 550 private With total egg production reaching 142.77 billion in 2023–24
to the Soybean Processors Association of India (SOPA). The monsoon—leading to heavier birds and surplus supply. While hatcheries, which produce around 80 billion shrimp seeds a — and major contributions from Andhra Pradesh, Tamil
country shipped soymeal to 42 destinations, with festive demand has begun supporting prices, average year, are seeing demand collapse. Nearly half have shut Nadu, Telangana, West Bengal and Karnataka — India is well-
Bangladesh, Nepal, Germany and France emerging as the realisations for the fiscal are still expected to remain 4–6% down as farmers stop buying seed. Hatcheries have already positioned to meet growing international demand.
largest buyers—reflecting India's growing relevance in the lower year-on-year. Nevertheless, broiler sales volume is destroyed 7–8 billion seeds in four months due to negligible Telangana Raises Maize
global feed market. projected to rise by 6–8% to 5.86 lakh tonnes. demand.
Soymeal production also improved, reaching 829,000 tonnes In contrast, the egg segment shows stronger momentum. Adding to India's difficulties, Ecuador—its biggest Procurement Limit as Yields
in October, up from 750,000 tonnes a year ago. This growth Sales volume is estimated to increase 4–6% to 15,750 crore competitor—is rapidly capturing the US market. With lower
comes despite a dip in soybean arrivals, which stood at 1.5 eggs, with prices rising 2–4%. With India's per capita egg prices, better-quality vannamei and tariffs of only 15%, Surge Across the State
million tonnes for the month, lower than 1.8 million tonnes consumption at just 102 per year—far below the global Ecuador exported over one million tonnes of shrimp to the Telangana has increased the per-acre maize procurement
last year. Overall soybean output for the current season is average of 218—the segment has substantial room for US in the first nine months of 2025.
eligibility limit from 18 quintals to 25 quintals after several
estimated at 10.5 million tonnes, slightly below last year's expansion. As a result, egg segment revenue is expected to Experts warn that India must diversify into the domestic
regions reported higher-than-expected yields this season.
12.6 million tonnes. grow 7–9% in FY26. market, which remains largely untapped, to reduce
The decision comes as procurement activity gains
Crushing operations remained strong, with 1.05 million Feed costs, which make up 60–65% of total material dependence on the US and stabilize the industry in the long
momentum and farmers face pressure from depressed
tonnes of soybeans crushed in October, higher than 950,000 expenses, will remain manageable. Soy de-oiled cake prices term.
market prices.
tonnes a year earlier. As of October 1, total soybean stocks are expected at INR 35–37 per kg due to oversupply, while Middle East Demand Powers a The area under maize cultivation has surged significantly,
available for crushing, direct consumption and export were maize prices should stay stable at INR 24–25 per kg.
reaching 2.60 lakh hectares—an increase of two lakh hectares
estimated at 9.8 million tonnes. By the end of October, Overall, the sector is poised for stable growth, even as Surge in India's Poultry Exports compared to the same period last year. With this expanded
soymeal stocks stood at 114,000 tonnes. margin pressures persist due to volatility in broiler prices. acreage, the State government is preparing to procure nearly
Soybean processing yields soyoil and soymeal—the latter in H1 FY26 8 lakh tonnes of maize through 125 procurement centres.
From Farms to Hatcheries,
being a key protein-rich feed ingredient preferred in poultry India's poultry exports have witnessed a remarkable Total maize output for the season is projected at 11.50 lakh
and livestock nutrition. India's non-GMO soymeal enjoys India's Shrimp Ecosystem Feels resurgence, more than doubling to USD 149 million in the tonnes.
strong demand globally. However, export competitiveness first half of FY26 on the back of strong demand from the Telangana Agriculture Minister Tummala Nageswara Rao has
continues to face pressure from more affordable alternatives the Heat Middle East. This is a sharp jump from USD 71.16 million urged the Union Government to support the State's
like DDGS in international markets. Despite this, India
India, the world's second-largest shrimp producer, is facing a recorded during the same period last year. In rupee terms, procurement efforts. In a letter to Union Agriculture and
remains a major soymeal exporter and one of the largest
severe threat as US tariff hikes and rising production costs exports touched INR 1,288.63 crore, reflecting the sector's Farmers' Welfare Minister Shivraj Singh, he sought Central
importers of soy oil.
push farmers toward heavy losses. Shrimp farmer Buddhadeb robust revival. intervention to ensure smooth procurement and protect
Poultry Revenues to Rise, Pradhan from West Bengal is among many taking risky The surge has been driven primarily by growing egg farmers from financial distress.
decisions—such as cultivating a second crop despite high shipments to the United Arab Emirates and Oman. Simultaneously, Civil Supplies Minister N Uttam Kumar Reddy
Margins to Tighten in FY26: disease risks—simply to recover investments. Shrimp prices Traditionally, Oman was India's top buyer, but this year UAE has requested the Centre to relax moisture-level norms for
have plunged from INR 300 to ₹230 per kg after the United has emerged as the largest importer, according to DGCIS paddy and cotton. The State reported crop damage in
Crisil Report States imposed steep tariffs, including anti-dumping and data. Valsan Parameswaran, Secretary of the All India Poultry approximately 1.10 lakh acres due to adverse weather

India's poultry sector is projected to grow 4–6% in revenue in countervailing duties totaling 58.26%. Exporters Association, noted that UAE's acceptance of Indian conditions, and officials believe leniency in quality
FY26, supported by rising rural consumption, increasing per India exported USD 5 billion worth of shrimp in FY25, with eggs has grown rapidly after opening its market last year, parameters is crucial to providing relief to affected farmers.
capita meat intake, and a growing shift toward protein-rich nearly half going to the US. But with high duties, farmers fear supported by consistent quality standards. During a recent review meeting, the Agriculture Minister also
diets, according to a recent Crisil Ratings report. However, losing their largest export market. Production costs remain Global supply disruptions have also favoured India. announced plans to push for an increase in the cotton
the industry's operating margins are expected to decline by high at INR 275 per kg, putting farmers like Nardu Das on Production challenges in Turkey and Iran — key suppliers to procurement yield limit—from 7 quintals per acre to 12
80–100 basis points due to weaker broiler prices in the first the brink of financial collapse. Many borrow heavily for land the Middle East — tightened availability, boosting India's quintals—to better support growers recovering from losses.
half of the fiscal. leases, power, feed and seed—making price crashes export opportunities. Turkey additionally diverted part of its With rising production, larger procurement targets, and
Despite pressure on profitability, Crisil notes that the credit devastating. supplies to the US, which faced domestic shortages, creating appeals for Central assistance, Telangana is gearing up for an
profiles of poultry companies remain stable, helped by India produces about 1.1 million tonnes of shrimp annually, further gaps in the Middle Eastern market. India even intensive procurement season aimed at safeguarding farmer
modest capital expenditure, limited borrowing, and healthy mostly Pacific whiteleg (vannamei). Shrimp farming is spread supplied one crore eggs to the US in June for the first time, incomes amid fluctuating prices and crop challenges.

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