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Dubai poultry prices expected to rise
Dr. Hussein
Husainon, Technical Secretary of UAE Poultry Association, said higher production
costs, increased prices of fodder and veterinary medicines, make a poultry price
hike almost inevitable.
He said his
Association had not increased poultry prices so far in view of the needs of
customers.
Referring to the continuous hike in egg prices over the last two
months, Dr. Husainon said it was not limited to the UAE
alone. “In Egypt, egg
prices have leapfrogged by 100%. Most other countries have seen a 50% jump. In
the UAE, however, it will not exceed 10%, and even this hike is only meant to
cover production costs, with room for marginal profit,†he
emphasised.
Meanwhile, managers of shopping malls in Dubai have said any
increase in local poultry prices would have its impact in the market. An
executive at Al Madina Supermarket in Deira commented, “Any price hike is
bound to have its ripple effect.â€
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