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Chicken overproduction affects poultry sector

by 5m Editor
4 January 2006, at 12:00am

DOMINICAN REPUBLIC - The National Poultry Commission cautioned that the existence of a chicken overproduction estimated at 17.5 million units is depressing prices and producers fear a looming crisis, while requesting the government’s intervention. Commission president Wilfredo Cabrera also asked that authorities eliminate the 13% exchange levy to intake products used by the sector, and remove the 1.5 charge in advance of profits. The poultry representative stated that, should these charges not be eliminated, the sector’s higher cost will reflect in price hikes for consumers. He assured that sales have decreased in over 50% and prices have collapsed by almost three pesos per chicken bought at the farm. Cabrera considered that turkey imports during December caused a decline in chicken consumption across the country. He added that “many producers have signaled their disposition to discontinue the business.” Cabrera requested that the government intervene so that chicken be purchased by authorities to favor the poorer sectors through social programs and, in doing so, aid the poultry sector. <i>Source: Dominican Today</i>

5m Editor