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Markets

PPA vows to lower poultry prices by June

Published May 19, 2014 Updated May 19, 2014 04:14pm

imageISLAMABAD: Pakistan Poultry Association (PPA) vowed to reduce the prices of egg and chicken in month of June.

President PPA attributed current price hike to less poultry production due to high prices of feed and medicine.

He said PPA has decided to provide a subsidy of up to Rs.30 per kg on chicken during the holy month of Ramazan for the relief of common masses.

"During the Holy Month, the use of chicken increases and to provide relief to the fasting people especially those belonging to low income segment who can not afford to use costly chicken, we would try to keep the prices at the affordable level", Chairman of Pakistan Poultry Association (PPA) Dr Hassan Sarosh told the APP.

He said the recent hike in prices of poultry products was temporary, which would come down by next month.

The prices increased due to rise in demand with no increase in poultry supply, he added.

He said because of non-consumption of breeders in local market,they are exported to Afghanistan by the poultry farmers to make up losses, whic also caused the problem of demand and supply of broiler in local market.

Dr Hassan said the poultry farmers incurred losses due to over-production during last one and a half year.

As a result, many poultry farms were shut down, causing shortage of the product, he said. Due to less supply in the market,the prices went up, he added.

He said now the closed farms had been reopened and started breeding chickens.

Resultantly, the production would increase, which would bridge the demand-supply gap bringing the price to normal range, he said.

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