Economics

Food Inflation in India to Rise as Chickens, Milk May Cost More

Balram Yadav, managing director at Godrej Agrovet Ltd., discusses India’s recovery, his business strategy and his outlook for his business. He speaks exclusively during the “India Focus” segment on “BloombergMarkets: Asia.” (Source: Bloomberg)

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By Pratik Parija

March 1, 2021 at 2:17 PM UTC

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Food inflation in India will probably accelerate in the coming months on stronger prices of fruits, vegetables and chickens following poor supplies, according to a top official of the nation’s biggest animal-feed company.

Weaker prices of animal protein due to poor demand from bulk users like hotels and banquets, which account for one-third of total consumption, during the coronavirus-related restrictions discouraged farmers to invest in expansion, causing a tightness in the market, said Balram Yadav, managing director of Godrej Agrovet Ltd.