UAE hikes poultry prices: 3 reasons why cost of eggs, chicken will increase

UAE hikes poultry prices: 3 reasons why cost of eggs, chicken will increase

The decision has been taken after retailers in the UAE requested the ministry to allow a price hike to cut losses

Published: Tue 21 Mar 2023, 6:00 AM

The UAE's Ministry of Economy (MoE) has allowed retailers in the country to increase the prices of eggs and poultry products temporarily.

The decision has been taken after retailers in the UAE requested the ministry to allow a price hike to cut losses.

The ministry will reassess the prices and market situation in a six-month time and take a decision.

Some of the retailers have increased prices of the two commodities in line with the ministry’s instruction to hike rates by a maximum of 13 per cent.

Retailers argued that production costs have increased drastically, hence becoming a challenge to maintain the current rates.

Below are the three main reasons that ministry allowed the prices of eggs and chicken to be increased in the UAE temporarily by retailers:

The companies have reasoned that production costs, which involve the cost related to raw materials for poultry products, manpower and others, have grown for the producers, hence, they called on the ministry to allow hiking prices of the items. Some other countries are also faced with this dilemma where prices of poultry