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Jamaica Broiler Drops Prices

by 5m Editor
11 August 2008, at 10:00am

JAMAICA - The country's largest producer of poultry products, Jamaica Broilers Group, has announced that it will reduce the prices of all its 'Best Dressed Chicken' products from 13 August.

In a press release to Radio Jamaica, president and chief operating officer of Jamaica Broilers Group, Robert Levy, said that the price will be cut by $4.50 per kilo.

The reason for the reduction is the recent grain price decreases in the USA, from where Jamaica Broilers imports the commodity for feed.

The company said it wants to let consumers know that while it is forced at times to raise the prices of chicken meat, it is also prepared to reduce prices when the cost of inputs decrease.

Jamaica Broilers noted that the cost of corn is down considerably from when it last purchased grain, and it is now able to pass on some of the savings to consumers.

Substantial increases in the cost of feed-stock, such as corn and soya, on the world market over the past two years, have led to spiraling input costs in Jamaica's poultry industry.

The price of chicken meat in Jamaica went up in December last year and again in January and June this year.

5m Editor