Chicken boneless meat price has come on a par with veal boneless meat selling at Rs800-850 per kg. Reuters/File
KARACHI: With Eidul Fitr only a couple of days away, poultry retail prices hit the highest-ever rate of up to Rs350-360 per kg for live bird, Rs520-640 for meat (with and without giblets) and Rs800 per kg for boneless, showing a jump of Rs100-150 per kg in the last one week.
Poultry sector people say that massive price hike was because of short supply of birds from the farms which are hit by “Rani Khet” disease, causing a huge loss of birds at the farms.
Govt to Officially Regulate Poultry: Minister
Special Assistant to Punjab Chief Minister, Firdous Ashiq Awan, said that Prime Minister Imran Khan has decided to regularize the poultry sector in Pakistan.
She said that the poultry sector has turned into a mafia in Pakistan, which has necessitated its regularization.
She added that the poultry mafia has political backing, and once this sector is regularization the prices of poultry items would not be decided on a cartel basis.
Firdous said that the PM had taken this decision, keeping in view the price-fixing strategies of the sector players. A bill will be introduced in the parliament to bring this sector under proper regularization, she informed.
Inquiry Reveals How Cartelization Has Increased Prices for the Poultry Industry
The Anti-Trust Watchdog has again acted against cartelization in the poultry industry and has completed an inquiry that uncovered nineteen poultry feed companies involved in price coordination, and their alleged anti-competitive conduct that had led to the increased prices of poultry feed in late 2020 that had, in turn, resulted in a sharp increase in the prices of chicken and eggs.
This is the third large-scale action by the Competition Commission of Pakistan (CCP) in the poultry industry. Earlier in 2010, it had imposed a fine of Rs. 50 million on the Pakistan Poultry Association (PPA), and had imposed a fine of Rs. 100 million on the PPA for cartelization again in 2010. This time, the poultry feed mills have come under the CCP’s radar.
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Pakistan International Airlines (PIA) had a poultry business, believe it or not, which they are planning to sell now. As a matter of fact, it was PIA that