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MENAFN - Arab News - 04/10/2012

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(MENAFN - Arab News) The Kingdom banned the export of chicken yesterday.

The move, aiming to ensure the meat's sufficient supply to the local market and keep prices stabilized, was announced by Minister of Commerce and Industry Tawfiq Al-Rabiah.

"The price of chicken feed, which matters 70 percent in poultry farming, has increased at the rate of 30 to 40 percent recently causing the prices of domestic and imported chicken to rise," the ministry said in a statement. It hoped that the prices would fall as the international prices of chicken feed components for the months of October and November have dropped.
The ministry also attributed the cause of the chicken price hike to factors such as losses to some farmers because of the high death rate of chicken, the SPA reported. The statement also said that chicken would be considered a major food item and governed by regulations of food supply.

 






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