Indonesia: Poultry industry crisis triggers feed market turbulence

Indonesian feed companies experience difficulties in selling their products since poultry farmers cull laying hens to avoid bearing increased costs, according to local sources. The decline in the Indonesian poultry flock has had a profound impact on the demand for feed additives in the market, a local supplier informed news outlet Asian Agribiz. In the first quarter of 2024, poultry feed sales also took a nosedive, plummeting by nearly 30%. The source revealed that the poultry industry is grappling with a perfect storm of oversupply and soaring costs, pushing many businesses perilously close to the breakeven point. He further explained that farmers breeding laying hens are resorting to early culling as a desperate measure to avoid the burden of expanded costs. Things are not expected to improve at least until the second half of the year, the source claimed, citing a recent study by the Indonesian Poultry Breeders Association indicating that the oversupply of day-old chicks was ...