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Government removes poultry price ceilings, but continues to monitor cost

2. chicken Picture
Yanal Al-Barmawi, spokesperson for the Ministry of Industry, Trade, and Supply said poultry prices are based on supply and demand, and the ministry has previously set a price ceiling amid expectations of price increases, especially in Ramadan. (Photo: Pixabay)
AMMAN — The government removed price ceilings on poultry imposed in recent weeks to prevent significant hikes, specifically during the holy fasting month of Ramadan, said Ministry of Industry, Trade and Supply spokesperson Yanal Al-Barmawi.اضافة اعلان

Poultry prices are based on supply and demand, and the ministry has previously set a price ceiling amid expectations of price increases, especially in Ramadan, Barmawi told Jordan News.

“The price ceilings have stopped, but the ministry monitors poultry prices daily,“ he said.

“If there are exaggerations or unjustified increases, the ministry will intervene directly to control the prices”, he said. “We have to bear in mind that a study conducted by the competent authorities showed an increase in the inputs of poultry production, especially feed materials, in recent times.”

Hassan Bu Diqer, member of the board of directors of Jordanian Poultry Producers Association, said “poultry prices rose by about 10 percent only and that the reason for the increase is due to the high prices of inputs and production costs globally.”

He said in an interview that the government should cancel or freeze the 5 percent tax imposed on fodder, noting that with an increase in feed prices, the tax constitutes an added burden on merchants.

Abdel Shakour Al-Jamjoum, owner of a poultry farm and head of the Poultry and Feed Investors Association, said setting a price ceiling for poultry “was not a good decision, especially that the government has also imposed taxes on fodder”.

He said the tax and price ceiling came with a proper review, considering a global increase on production inputs.

Jamjoum said such decisions discourage farmers, hard hit by the prevailing economic conditions.

He emphasized that the best mechanism for determining poultry prices is the supply and demand mechanism, which is currently being worked on.


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