“At the start of this year, the price of a 50kg bundle of poultry feed was Rs 1,050. Anaz Karim, a native of Nedumangad in Thiruvananthapuram, who has been into poultry farming for more than six years, also plans to wind up the business due to huge loss. I don’t even get the operational expense,” said Prince. He incurred a huge loss in the following months, and it forced him to sell nearly 700 hens at a cheaper price.Īs of now, Prince has financial liability of Rs 6 lakh and he plans to quit the field. However, the sudden jump in the price of poultry feeds poured cold water on his enthusiasm. Prince’s new venture was profitable until this January. He bought 800 chicks and started getting 550-600 eggs per day. He pledged his wife’s ornaments to avail a gold loan and invested nearly Rs 8 lakh to set up the poultry cages. The Muvattupuzha native, who owns a taxi, was badly affected by the pandemic and he found the new business as an alternative source of income. KOTTAYAM: It was during the complete lockdown declared in the state following the Covid outbreak when Prince Joseph John decided to start a poultry farm near his house.
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