07 Jan 2021, 12:57:02 PM IST
India’s largest poultry producer hits two-month low on hen flu outbreak
Shares of India’s largest poultry producer Venky’s dropped greater than 4% on Thursday to their lowest degree in two months after an outbreak of avian influenza was reported in 4 states.
Venky’s shares fell for the fourth straight day on Thursday and had been buying and selling at ₹1531.70, down 1.75%, after hitting a low of 1495.10 rupees earlier within the day.
Simran Farms declined 5%, whereas Ovobel Meals slipped 0.75%.
Avian influenza, often known as hen flu, was reported within the states of Madhya Pradesh, Rajasthan, Himachal Pradesh and Kerala, the federal authorities mentioned in an announcement.
Kerala has began culling chickens and geese to include the virus, whereas Madhya Pradesh has banned imports of poultry merchandise from Kerala for 10 days.
Indian soybean futures fell greater than 1% on Thursday on fears demand for soymeal from the poultry trade might falter because of the hen flu outbreak.