Grenadians will from today (Monday) have to pay more for locally produced chicken and eggs.
The Grenadian Association of Poultry Producers (GAPP) has announced that the price of whole chicken will move from EC$5.50 per lb. to EC$6.75 per lb. and a tray of 30 eggs will now be sold at EC$23, up from the previous price of EC$20 per tray.
Association President Jason Phillip told THE NEW TODAY that the increase in prices came about due to the increased price in feed which took effect from today by the island’s sole producer, Caribbean Agro Industries.
The price of Poultry Feed was increased by the local mill at Mt. Gay by 6%, Hog Feed 12% and all other feed by 16%.
In addition, Caribbean Agro announced a 10% increase in the price of baking flour and 12% for Cooking flour.
The company has said that it had no choice but to increase the price of its products due to “developments occurring on the international grain market which is having a profound negative impact on the cost of sourcing key ingredients for manufacturing flour and animal feed”.
Phillip issued the following statement today from GAPP on the price increases:
“Following my visit to ADM Caribbean Agro Industries Sales office this morning at 8.00 a.m., the publicised notice indicating the increases of animal feeds and flour products have taken effect.
Due to this now actual change in feed prices upwards, the direct influence on cost of production cannot be ignored.
Over the past 10 years, the wholesale prices for locally produced poultry products being meat and eggs respectively, (have) not changed even with several increases in the costs of feed to the producers.
The last increase of feed prices on January 16th 2019, saw farmers yet again absorb this and not pass it on to the consumers. With this premise, it is not feasible for farmers who have to ensure the viability of their farming businesses, to absorb this latest price increase. Note that feed prices have increased over 10% over the past 10 years, with almost no decreases when production costs go down.
Effective February 15th 2021, the following prices are now the recommended increases for local produced poultry products sold wholesale:
1. Fresh whole chicken from EC$5.50per lb. to EC$6.75 per lb.
2. Local Eggs from EC$20 per tray of 30 to EC$23 per tray of 30
We continue to monitor the unfolding situation as we await Government’s official response”.