Pakistan Poultry Association shed light on the declining trend of chicken prices in the local markets of Lahore and neighboring cities. This revelation comes as a relief to many consumers who have been grappling with the soaring costs of poultry products in recent times.
The Price Plunge: A Detailed Insight
Current Scenario
Chicken meat, a staple in many households, is currently being retailed at Rs470 per kg. This price point reflects a notable reduction of Rs78 per kg, marking a significant shift in the market dynamics.
Three-Week Analysis
Over the span of three weeks, there has been a substantial decrease of Rs227 per kg in chicken prices, as highlighted by the Pakistan Poultry Association. This plunge in prices has garnered attention and speculation among both consumers and industry experts.
Impact on Chick Prices
Moreover, the price of chicks has also witnessed a downward trend, now standing at Rs100, compared to the previous Rs220. This decline in chick prices further underscores the prevailing market conditions.
Response from Authorities
Punjab Chief Minister’s Pledge
In response to the situation, Punjab Chief Minister Maryam Nawaz has vowed to address the issue of inflated chicken prices. Recognizing the plight of consumers, she has initiated stringent measures aimed at curbing the exploitation of consumers by unscrupulous poultry farmers and traders.
Action Plan
Under the directive of the chief minister, rigorous measures have been set in motion to scrutinize the operations of poultry farmers and traders. Stock data has been meticulously gathered from stakeholders to delve into the root causes behind the sudden surge in prices.
Understanding the Dynamics
Decreased Demand Dynamics
The recent downturn in prices can be attributed to a decrease in demand for poultry products, prompting poultry owners to recalibrate their pricing strategies. This shift in demand-supply dynamics has played a pivotal role in driving down the prices of chicken meat and chicks alike.
