Hyderabad: Chicken shops in Hyderabad are to remain closed indefinitely from today, April 1, as traders protest over reduced profit margins.
Earlier, posters that appeared in several parts of the city mentioned that shop owners are facing losses. Traders say poultry companies are not providing enough profit margins, and it has made it difficult for them to continue their business.
Hyderabad to see chicken shops shut until demands are met
The Telangana Chicken Shop Owners Association has announced that the shutdown is part of a protest. The association is demanding that profit margins be restored.
It also stated that nearly 50,000 chicken shops in Hyderabad will remain closed until their demands are met.
It is being claimed that traders’ profit, which used to be Rs 25-30 per kg previously, has declined to Rs 5-10 per kg. On the other hand, their operational costs, including rent, transport, and labour wages, have increased over a period of time, they added.
Egg prices drop
Meanwhile, egg prices in the city have fallen from Rs 7 to Rs 5 in retail shops over the past few days following disruptions to exports caused by the ongoing war involving Iran, Israel, and the United States.
The decline is mainly attributed to the halt in egg exports to West Asia. In the wake of the war, several key ports and airports in the region have been affected due to heightened security concerns and disruptions to shipping routes.
As a result, exports of chicken eggs from India have come to a standstill in some parts of the state.
