Bangladesh: Rising chicken prices force lower-income people to cut down on protein

Published 2023년 2월 17일

Tridge summary

The article highlights the significant increase in the prices of broiler chicken and eggs in Bangladesh, affecting low- and lower-middle-income consumers by reducing their protein intake. The surge in prices is attributed to the high cost of feed, which has risen due to increased raw material prices and the dollar crisis related to the Ukraine war. Producers are struggling with production costs, while consumers are facing rising food costs. The Bangladesh Poultry Association (BPA) has called for government intervention to set prices and investigate potential market manipulation. The situation is further complicated by the withdrawal of many companies from the industry due to the inability to cover the increased costs of feed raw materials.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The skyrocketing price of broiler chicken and eggs, the cheapest and biggest sources of protein in the country, is forcing low- and lower-middle-income people to curb their protein intakes. In different markets in the capital, broiler chickens are selling at Tk225-Tk230 per kg, while the price of broiler eggs has jumped up to Tk140-Tk145 per dozen. According to the Trading Corporation of Bangladesh (TCB), the price of broiler chicken and eggs has increased by 39% and 30% respectively compared to the same time of the previous year. Traders say the market situation hints that the price could rise even further during Ramadan. Meanwhile, broiler producers have attributed the recent price surge to a hike in feed prices, which was caused by an increase in the cost of raw materials triggered by the dollar crisis fueled by the Ukraine war. Consumers complained that the prices of eggs and chickens have increased at a time when all consumer goods are being purchased at high prices in the ...

Source: TBS