Poultry Revenue To Rise 4–6% This Fiscal: Crisil
Crisil expects India’s poultry sector revenue to grow 4–6 per cent this fiscal, driven by strong demand, though margins will tighten on weak broiler prices.
Crisil expects India’s poultry sector revenue to grow 4–6 per cent this fiscal, driven by strong demand, though margins will tighten on weak broiler prices.
Crisil notes that any further production losses could intensify supply-side pressures, raise food inflation risks
The report notes that steady progress of rainfall, especially in northwest and southern regions, should benefit the sowing progress and reservoir levels
Weather anomalies can potentially cause disturbances to the short-term supply of vegetables and induce large price fluctuations, which can drive volatility in food inflation
Icra states that the agricultural gross value added (GVA) growth is likely to rise to 4 per cent in the second half of the current fiscal (H2FY25)
The Union Minister stated that the target is not very ambitious as the industries need to grow at a combined rate of 14 to 15 per cent
The central government has authorised the export of 99,150 MT of onions to six nations: Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision follows projections of lower Kharif and Rabi onion crops for 2023-24 compared to the previous year, coupled with heightened international demand. To facilitate this export, the National Cooperative Exports Limited […]
Coffee exports from India saw a notable increase of 13.35 per cent to 1,25,631 tonnes during the January-March period of this year, attributed to heightened demand for Robusta coffee, as revealed by official data. This surge contrasts with the export figure of 1,10,830 tonnes during the same period in 2023. India, recognized as Asia’s third-largest […]
India’s gross domestic product (GDP) is likely to grow at 7.8 per cent in the financial year (FY) 2025 which is marginally higher than the estimated increase of 7.6 per cent in FY24 on a year-on-year (YoY) basis, the Bank of Baroda (BoB) said in a report. The report added that private consumption is likely […]
India, the world’s largest rice exporter, is expected to witness a decline in rice production for the first time in eight years during the 2023-24 crop year. This development comes amidst concerns over below-average rainfall impacting agricultural output. The Indian government, through the Ministry of Agriculture and Farmers Welfare, revealed that rice production is projected […]