INDIAN CURRENCY BAN CAUSES HARDSHIP IN COUNTRY’S POULTRY SECTOR

  Indian poultry farmers have slowed the breeding of chicks to lower their costs after demand fell sharply following the central government’s unexpected announcement that large currency notes - valuing 86% of total cash in the economy – were no longer legal tender. “With limited amount of cash, buying meat is not a priority for households and demand has fallen by more than 30 percent [since November 8 when demonetisation was announced],” Ramesh Chander Khatri, president of the Poultry Federation of India, told GlobalMeatNews. The main problem has ...


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