The Poultry Association recently announced a decrease in chicken prices in local markets. This news comes as a relief to consumers who have been facing inflated prices for poultry products in recent weeks.
Significant Decline in Prices
Over the past three weeks, there has been a remarkable decline in chicken prices, with a reduction of Rs. 227 per kg.
Additionally, the price of chicks has also seen a drop, now available at Rs. 100 from the previous Rs. 220. These price reductions are a welcome change for consumers who have been feeling the pinch of high poultry prices.
Regional Variations
While the overall trend indicates a decrease in chicken prices, there are regional variations across the country. In Lahore, chicken meat is available at Rs. 438 per kg, while in Islamabad, it is priced at Rs. 500 per kg.
In Quetta, consumers can find chicken meat for Rs. 330 per kg, while in Karachi, the price is Rs. 600 per kg. In Peshawar, boiler chicken meat is available at Rs. 330 per kg.
Government Response
In response to the situation, Punjab Chief Minister Maryam Nawaz has taken proactive measures to address consumer concerns regarding inflated chicken prices.
She has initiated stringent measures targeting poultry farmers and traders, obtaining stock data from stakeholders to investigate the sudden price hike.
Factors Contributing to Price Drop
The decrease in prices can be attributed to a reduction in demand and extreme hot weather conditions. As temperatures rise, poultry owners have been prompted to adjust their prices accordingly, leading to the observed drop in chicken prices.
This adjustment reflects the dynamics of supply and demand in the poultry market and highlights the impact of external factors on pricing.
The decrease in chicken prices in Pakistan markets is a positive development for consumers, providing much-needed relief from high poultry prices.
With proactive measures from the government and adjustments from poultry owners, there is hope for more stable and affordable prices in the future.