Print Edition - 2014-08-30 | MONEY
Chicken prices drop on increased supplies
Aug 29, 2014-
Chicken prices in Kathmandu’s retail market dropped 11 percent to Rs 280 per kg due to improved supplies. Similarly, wholesale prices of live chicken fell to Rs 200 per kg from Rs 220.
A meeting of the Nepal Chicken Sellers’ Association recently decided to slash Rs 30 per kg off the price due to increased supply and constant consumption levels. This is the third price cut in a month. Retail prices were around Rs 360 a kg until a month ago.
Retailers said that they had been selling chicken meat for Rs 270 to Rs 280 per kg since Friday. As chicken production has increased in most areas, supplies have also swelled in the valley. The association said shipments had risen 20 percent in the last two weeks. “We have been receiving increased supplies from places like Chitwan, Dhading, Hetauda, Bhaktapur, Nuwakot, Kavre, Rupandehi and Birgunj,” said Shreeya Dhakal, vice-president of the association.
Although supplies have increased significantly, consumption has not increased at a similar pace. “Due to the occurrence of the Hindu holy month of Shrawan and the Teej fast which followed it, consumption slowed in August,” said Dhakal. “As this is not the marriage season and no other functions are being held, demand has fallen.” The daily consumption of chicken in the Kathmandu valley is estimated to be 250 tonnes.
Pradip Khanal, a poultry farmer, said that supplies started to increase in the valley after normal vehicular traffic resumed on the roads in the Eastern and Western regions that had been blocked by floods and landslides.
Traders said that prices were likely to go up next month due to the festive season when demand swells due to the constant feasting that accompanies it. According to the Nepal Fish and Meat Traders Association, chicken accounts for more than 50 percent of the total meat sales in the valley. The Agriculture Ministry’s statistics showed that chicken production dropped 4.95 percent to 40.69 million kg in the last fiscal year due to the bird flu outbreak.
In November-December last year, chicken prices jumped to a high of Rs 400 per kg due to a shortage after the government culled thousands of live birds following bird flu outbreaks in Kathmandu, Bhaktapur and Kavre, among other districts.
Published: 30-08-2014 09:30