Poultry prices skyrocket as farmers cut production
Poultry prices have risen exponentially in Rawalpindi after ranchers and poultry producers cut supply by 50 percent, citing the high cost of feed and other ingredients.
After the cut in the supply chain, the price of chicken meat jumped to Rs400 per kilogram (kg) and the upward price trend is expected to continue in the coming days. The supply has been cut due to the high prices of feed, raw materials and other ingredients given to the chickens, the poultry farmers said.
Poultry producers also claimed that the current high prices were due to an increase in the dollar exchange rate, which subsequently raised the prices of the poultry industry’s import components.
With the sudden price hikes, restaurants and hotels in Rawalpindi have also raised the prices of chicken foods.
Read Government urged to fix poultry meat and raw material costs
Live chicken is sold for up to Rs280 per kg in Rawalpindi while shaved chicken eggs were sold for Rs177 while desi chicken eggs were available for Rs325 per dozen.
Representatives of poultry associations, including Arshad Abbasi and Sohail Satti, said egg prices would rise further as winter approaches. They said shaved chicken eggs will rise to Rs 220 per dozen over the next two months while those of desi chicken will rise to Rs 400 per dozen.
Earlier, the Rawalpindi district administration had spoken to poultry farm owners to lower chicken prices, but the latter refused to increase production. Owners of poultry farms said the price of the raw material used to feed chickens rose 30 percent after the Pakistani rupee depreciated against the dollar.
The owners told the local administration that they had cut back on chicken farming due to the high cost of feed and other ingredients, which resulted in a gap between demand and supply. Retailers such as Raja Javed, Haji Niyaz and Barkat Ali said the supply of chicken in the market was 50% below demand and they were out of stock by midday.