The prices of poultry items have increased by 30 percent in the twin cities of Islamabad and Rawalpindi during the last six months, creating colossal market volatility.
According to the market survey conducted by APP here Wednesday, during the last six in the twin cities, a 30 percent increase was witnessed in the price of chicken in the previous six months, while a 33 percent increase in the price of poultry eggs in the same period.
According to the survey, the price of live chicken in the twin cities was between Rs 420 and 440 per kg from the last week of January. Similarly, chicken meat is sold at Rs 680 to 700 per kg in the market of both cities. During this time, it was also found that poultry eggs were sold at Rs 390 to Rs 405 per dozen in the markets of both cities.
Meanwhile, talking to APP, Chaudhry Muhammad Ashraf, the Chairman of the Pakistan Poultry Association (PPA), said the increase in the current prices of poultry is due to demand and supply issues.
He said that the increase in poultry business inputs and the cost of doing business was seen across the country, causing the market to be in crisis.
He said that many people related to the chicken business in the country were affected by the current crisis, and tiny companies and poultry farms were closed, adding the poultry business in the four provinces, including Punjab, Sindh, Balochistan, and Khyber Pakhtunkhwa, is suffering from the current economic crisis.
Chaudhry Ashraf said that the country’s economic conditions are also essential. The poultry feed ingredients imported from foreign countries are expensive, so soybeans are crucial.
He said that many soybean ships have stopped at Karachi port, which inevitably impacts poultry prices.
Pakistan Poultry Association (PPA) has also called for a further increase in chicken prices. An increase was observed in the prices of poultry items in the twin cities of Islamabad and Rawalpindi.
On this occasion, poultry feed industrialist and Senior Vice President of Rawalpindi Chamber of Commerce and Industry, Hamza Sarosh, said that soybean is included in the essential poultry feed ingredients.
Hamza said that soybeans for poultry feed were imported from America, Brazil, and Argentina.