MM News TV
Wednesday 1st February 2023 / 10 Rejab 1444

PPA raise concerns over rapid increase in raw material prices

LAHORE: Pakistan Poultry Association (PPA) North Region Vice Chairman (VC) Raja Attique-ur-Rehman has raised concerns over the rapid increase in raw material prices which may lead to reduced production and high priced poultry products in the long run.

Raja Attique-ur-Rehman in a statement said the price for corn, which was Rs1,132 per maund in July, has shot up to Rs1,700 per maund; soybean meal from Rs3,273 to Rs4,160, rice tips from Rs1,371 to Rs1,800, wheat bran from Rs1,078 to Rs 1,421, canola meal from Rs2,412 to Rs2,508 and sunflower meal from Rs1,814 to Rs2,160 per maund during the same period.

Lamenting that feed prices are increasing on a daily basis Raja Attique-ur-Rehman alleged that in the case of corn, large scale hoarding is taking place.

“Stockists have sufficient stocks but they are not releasing it in the market. They are releasing small quantities and increasing prices on a daily basis,” he added.

The PPA vice-chairman opined that poultry feed being 75-80pc of the input cost will have a serious impact on the cost of production and will contribute to losses suffered by farmers.

He maintained that feed prices during July to November have gone up from Rs3,085 per 50kg to Rs3,530 which means that there has been an increase of Rs8,900 per tonne within just a few months.

He further said that guidelines that are in place to limit the spike of coronavirus have abridged the consumption of chicken due to limitations on weddings and restaurants, which would further dishearten supplies and increase costs.

He demanded that custom duty and regulatory duty be distant temporarily from corn import, while customs duty on soybean oilseed – the raw material of oil sector – be brought down from three percent to 0 percent and sales tax be brought down from 17 percent to five percent.

PPA Regional Secretary said if production remains low for a longer period, it will cause a reduction in the placement of grandparent and parent stock chicks, which will affect production for 77 weeks.

He urged concerned departments to take action with utmost urgency in order to save the poultry sector and consumers from long term inflation.

 

Do you want to read authentic news from Pakistan & across the world? So download MM News App Now !
Back to top
Exit mobile version