Monday, February 25, 2013

Poultry prices shoot up due to shortages - Doha


Poultry products are becoming dearer in Qatar, due to a severe shortage in supply and the inability of local farms to meet the growing demand.

Prices of frozen chicken have increased by 20 to 30 percent over the past few weeks, after an increase in prices in the international market. Some popular brands that earlier cost QR12 per kg are now available at QR15.

There was a severe shortage of fresh chicken in the local market after Saudi Arabia, the major exporter of poultry products to the country, imposed a ban on exports.  The ban is being relaxed but industry sources believe that prices of imported and local varieties will go up shortly as dealers are awaiting a nod from the authorities.

“Now we are getting limited stocks of fresh chicken from Saudi Arabia after the country relaxed the ban. Local poultry products meet hardly 10 percent of our demand,” an official of a leading hypermarket told The Peninsula yesterday.

He said that despite a shortage in supply, prices of fresh chicken had not increased considerably because the authorities had not given a permission until now. 

Read more: http://thepeninsulaqatar.com/qatar/226858-poultry-prices-shoot-up-due-to-shortages.html

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