Trinidad to lower chicken prices
of Trinidad recently approved the removal
of a 40 % import surcharge on poultry products.
poultry meat from South
America, may reduce prices even further. Guyana and Belize have already been identified as candidates
for meat importation announced Trade Minister, Kenneth Valley. He said that the removal of the
surcharge and the importation of chicken, and other types of meat, was part of
the government's effort to bring down escalating food prices, which have
increased 26 % this year. The increases were attributed to the global increase
in the price of grains (feed) due to extreme weather conditions.
The removal of the surcharge is not good news for local chicken
producers, as they will now get greater competition from cheaper, foreign
sources of chicken. In 2004, local producer Nutrimix, attempted to file an
injunction that would prevent Government from lifting the surcharge on imported
chicken parts. It was not granted.
Valley said the Government was working with the Ministries of
Agriculture and Health to put up the necessary inspection process for the
importation of South American meat products. Inspection is already taking place
in Guyana, Valley said.
Belize, he added, has some of the
cheapest chicken in the region.
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