“Demand from feed makers is very strong. They are buying whatever supplies are reaching the market. Prices are unlikely to go down as demand for poultry products is expected to rise during ongoing winter season,” said Shreedhar Reddy, a trader in Davangere, Karnataka, the largest producer of corn in India.
Demand for poultry products usually rises during winter as people eat more fatty foods than in the high temperatures of the summer.
Traders were expecting supplies from the new season crop to rise this week, but that did not happen. Lower-than-expected supplies are keeping prices firm in both, the futures and the spot markets, despite a lack of demand from exporters, said Shankarji, a trader based in Karimnagar in Andhra Pradesh. read more