Chicken prices drop as sales slow down
Jul 23, 2014-
Chicken prices have dropped to Rs 340 per kg in the Kathmandu valley due to rising supplies and a slowdown in demand. The Nepal Chicken Sellers Association said it lopped Rs 15 off the retail price due to a slump in sales. Likewise, prices of live chickens have dipped to Rs 240 per kg from Rs 250 earlier.
“Sales have come down around 40 percent compared to normal times, but the supply is rising,” said Shreeya Dhakal, vice-chairman of the association who is also the proprietor of Chicken House located at Naya Bazaar. “The major meat producing districts have started seeing a rise in output, but sales have been falling due to low demand,” he said.
According to the association, chicken shipments from Hetauda, Sindhuli, Thankot, Dhading, Birgunj, Gorkha, Trishuli, Chitwan and other districts in the Tarai have climbed due to favourable weather conditions.
Traders said that 10 percent of the valley’s chicken requirement was fulfilled by Chitwan which is celebrated as the country’s poultry capital. The daily requirement of chicken in the Kathmandu valley is estimated to be 250,000 kg.
“Many customers don’t eat meat during the period mid-July to mid-August which is considered to be a sacred month for Hindu women, so sales come down,” said Kushal Limbu, store manager at Janata Meat House at Ratopool. Traders said that consumption had fallen in the Tarai districts due to the Bol Bom festival.
Chicken prices had been on an upward trajectory since February with prices rising 33 percent during the period. Chicken was selling for Rs 270 per kg till Feb 4 before it started taking off.
Sellers said that prices could go down further as output has been rising in many places in the country. “Farmers who left poultry farming after suffering huge losses due to outbreaks of bird flu have started coming back and making fresh investments,” said Dhakal.
Published: 24-07-2014 09:18