Due to a shortage of poultry feed, Pakistan Poultry Association (PPA) Chairman Chaudhry Muhammad Ashraf warned on Friday that the price of chicken meat could rise to Rs. 1,000 per kg in the coming days.
A dozen containers carrying 0.75 million tonnes of soybean and canola, which are used to make poultry feed, are also stuck at the port, according to Chauhdry.
The PPA Chairman also stated that the poultry industry can stock supply for 15 days or a month, which is now depleted. He claims that the current increase in chicken prices is due to a market shortage of chicken feed.
He warned that if the situation does not improve, the price could rise to Rs. 1,000 per kg in the coming days.
It is worth noting that chicken product prices have skyrocketed since October last year, when customs officials restricted the entry of GMO soybean supplies primarily from the United States (US) and Brazil. So far, nine shipments have been held up at the port due to legal issues.
In Karachi, the current price of broiler chicken is around Rs500-600 per kg.
A dozen containers carrying 0.75 million tonnes of soybean and canola are also stuck at the port, according to Ashraf.
He said that despite payments, the containers are not being released over “technical issues from the government”.
“In the poultry industry, we can stock supply for 15 days or a month. This has been consumed. We do not have soybean available anymore,” said the official.
“If the two items are not available, this creates problems for feed makers who have already told the farmers that they do not have the product available,” he said.
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