India’s rising appetite for poultry products will boost domestic demand for corn and soy meal this year by about 9% to 12 million tonnes (combined), traders said. The higher local feed demand could further reduce overseas sales that are already under pressure from cheaper grains from Latin America. Corn will make up most of the feed demand growth because supplies are ample and prices cheaper. Demand for soy meal, meanwhile, may not rise as prices surged after late rains hit the soybean crop. “Consumption of feeds, mainly corn is expected to increase because demand for poultry products are likely to rise by at least 6% this year,” said Sanjeev Chintawar, Business Manager of the National Egg Coordination Committee.
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