THE PRICE OF EGGS IN KUWAIT HAS NOT INCREASED

  • 20/10/2022

Kuwait City: Azara Al-Husseini, the head of the Federation of Poultry Companies, reaffirmed the companies' adherence to the prices established by the Union of Cooperative Societies and the Ministry of Commerce, noting that "poultry products have not changed or increased in price for a long time" and that the recent price increase was only visible in supermarkets as a result of the rise in feed costs that the producing companies must bear. Al-Husseini Saud mentioned that "meetings are continuing with the Union of Cooperatives and the Ministry of Commerce regarding the recent rise in egg prices as the prices of feed are high and companies incur huge losses daily in return for producing poultry from feed," adding that "the union is against the idea of monopoly, which was not applied by any of the producing companies, in order to ensure that live and frozen chicken products and eggs reach all consumers without hindrance."


He noted the significance of "attention to these losses, which are now impeding proper production processes, which companies are working to overcome without any impact on the volume," noting that "feed supply chains from some countries were affected during the Corona pandemic crisis and the Russian-Ukrainian war, which contributed to an increase in feed prices in a comprehensive manner, which increased the suffering of national companies that were affected in this aspect."

He noted that “the appropriate solution to overcome these challenges is to increase the feed support for poultry companies, and the state is moving towards securing a local stock of feed that covers the needs of poultry farms for many years, especially during crises, in addition to promoting and encouraging investment in the agricultural sector,” stressing the keenness of companies to pump additional quantities of eggs into coops and supermarkets to meet the current increase in demand.

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