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Broiler prices jump 25% in two months

by 5m Editor
28 February 2007, at 6:22pm

KARACHI - Broiler prices continue to hit new highs in Pakistan reaching Rs90 per kg on Tuesday up from Rs72 per kg just over two weeks ago, report Dawn.

Retailers are now charging Rs160-165 per kg for broiler meat as compared to Rs140-150 per kg just one week ago and chicken meat has become costlier than beef.

General Secretary Karachi Wholesalers Poultry Association (KWPA) Kamal Akhtar Siddiqui suggested the fluctuation in prices was a result of falling production and increasing demand.

Although the marriage season is yet to take off at full pace Mr. Kamal did not give any reason for surge in demand but said only that people were now more interested in consuming chicken rather than beef and mutton.

Central Chairman Pakistan Poultry Association (PPA) Mir Tahir Zaidi said that farmers not been able to get day-old-chick over the last two months because cold weather has reduced supplies. Over the last two months he estimated there had been a drop of 20 per cent in sales.

Maroof Siddiqi, a memeber of the Pakistan Poultry Association, predicted that the prices would not increase further as they had touched the extreme level while supply pressure could remain for next two weeks.

"Supply would stabilise in few weeks, as fresh flocks of chicks would be ready for markets," he said.

5m Editor