KARACHI: Poultry prices are inching closer to red meat rates as retailers in various markets were demanding prices at whim in the absence of any price checking mechanism of the local administration.
Last week, consumers were paying Rs120-140 per kilogram for live bird and Rs220-240 a kg for its meat. On Tuesday, prices scaled to Rs180-190 per kg for live bird and Rs275-320 for chicken meat a kg depending on the area. Some retailers were also seen demanding Rs350 per kg.
The price of boneless chicken, hovering in the range of Rs320-350 last week, has gone up to Rs400 a kg.
Consumers said that poultry prices were supposed to decline after media reports earlier this month that the Competition Commission of Pakistan has imposed a fine of Rs100 million on the Pakistan Poultry Association (PPA) for price fixing and engaging in anti-competitive business activity.
This was the second fine imposed by the commission on PPA after a penalty of Rs50m in August 2010.
PPA Senior Vice-Chairman Abdul Maroof Siddiqui said the decline in production of poultry birds caused a price hike as demand has improved owing to rising outdoor dining activities and ongoing marriage season.
Courtesy : Dawn News