Domestic Economy
0

Chicken Farmers Suffering Losses Due to Cost-Price Gap

Chicken Farmers Suffering Losses Due to Cost-Price GapChicken Farmers Suffering Losses Due to Cost-Price Gap

Chicken farmers incur losses of 90 to 100 billion rials ($360,000-$400,000) per day due to the difference in production cost and the price set by the government. 
According to Nasser Nabipour, the head of Tehran’s Egg-Laying Chicken Producers Union, the production cost of eggs tops 150,000 rials (60 cents) per kilogram whereas the price set for selling them is 120,000 rials (48 cents). 
“The 30,000-rial (12 cents) gap causes losses of 90 to 100 billion rials for chicken farmers every day,” he was quoted as saying by ISNA.  
“Chicken farmers have to wait 10-50 days to receive their animal feed quotas at subsidized rate. They are forced to procure their poultry feed at free market rates and those who fail to provide feed have to send their chickens to the slaughterhouse.” 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com