Print Edition - 2015-06-15 | MONEY
Chicken prices soar on drop in output
Jun 14, 2015-
Chicken prices in the Kathmandu Valley have jumped Rs40 per kg in the last two weeks due to reduced supplies. The Nepal Chicken Sellers Association (NCSA), which fixes prices by checking the supply and demand situation, jacked up the rate to Rs290 from Rs250 citing a drop in production.
However, most retailers in the valley are selling the popular meat item at Rs300-Rs310 per kg. The procurement price of live chicken has also risen to Rs210 per kg from Rs190 earlier.
NCSA Vice-President Shreeya Dhakal said that chicken supplies had dropped sharply coinciding with a rise in demand from restaurants, hotels and private homes. “The earthquake left many farmers homeless and buried a large number of poultry. So poultry farms are seeing a massive fall in production,” he said.
According to the association, poultry supplies have shrunk 30-40 percent. The daily requirement of chicken in the valley stands at 250-300 tonnes. The major sources are Kathmandu, Bhaktapur, Lalitpur, Kavre, Chitwan, Dhading, Sindhupalchok, Rasuwa, Nuwakot and a number of Tarai districts. Traders said that there had been a shortage of chicken from the past few days. “I got only 80 kg of chicken on Saturday although my requirement is 150 kg since sales rise during the weekend,” said Krishna Shahi, proprietor of Shree Devi Meat Centre at Ratopool.
Meanwhile, egg prices have also jumped to Rs280 per crate from Rs220 two weeks ago. Retailers are selling eggs at up to Rs290 per crate in the local market. Traders attributed the rise in prices to swelling demand amid low supply. They said that prices would rise further in the coming days as the poultry sector had suffered huge losses during the earthquake.
Guna Chandra Bista, president of the Hatchery Association of Nepal (HAN) said, “Chicken and egg prices started bouncing back in the past few days. Earlier, farmers had been forced to slash prices due to a slump in demand and lack of feed and workers after the earthquake.”
Bista said that chicken and egg prices fluctuate instantly with a change in supply and demand as chicken is a perishable product. “Demand has outstripped supply and this will be reflected in higher prices in the coming days,” he added.
Published: 15-06-2015 08:52