CHICKEN PRICES HAVE RISEB BY 25%, CAUSING PANIC BUYING

  • 29/05/2022

Kuwait City: Only 72 hours have passed since the Cabinet decided to organise a ministerial committee to improve food security, prevent price increases, deal with crises, and plan for self-sufficiency in certain commodities. The chicken issue at cooperative societies and supermarkets is worsening, with prices rising by more than 25%. While there was a visible shortage of live and frozen chicken in the markets, there has been an upsurge in demand for more effective government steps to regulate the situation and work to offer sufficient amounts of this crucial product while limiting price increases. Cooperative and supermarket officials blamed the price increases on the ongoing consequences of the Russian-Ukrainian war. 


They revealed that some poultry companies raised their prices due to the increase in the feed prices and the impact of this on more than one sector. The officials highlighted the widespread demand of citizens and residents to buy local and imported chicken, which has led to a scarcity of some types in the markets and fresh chicken stores. They explained that the demand for buying live and frozen chicken increased by 40 percent in some cooperative societies, supermarkets and slaughterhouses.

The demand was not limited to local chickens, but also Brazilian chicken, the quantities of which decreased significantly recently, especially in light of the fierce competition among different countries to import from them. In addition, this is aimed to deal with the needs of commercial markets, especially with the ongoing repercussions of the Russian-Ukrainian war, and its impact on the arrival of feed and food items to many countries including Kuwait.

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