March 23, 2020
Corn prices in India are plummeting with few takers from the poultry industry. In the last two weeks, markets reported a price drop of 35%. Price have decreased from USD 0.23/kg to USD 0.15/kg. Covid-19 rumors circulating on social media had resulted in many staying away from chicken. Reports estimated a 50% drop in demand for chicken in India with the industry facing losses of up to USD 1.35-1.75 on every bird.