In other cities across Punjab including Lahore, the price of chicken meat has decreased significantly. Till Monday, the price of poultry is between Rs 610-630 per kg. The increase follows a period when prices were below Rs 400 per kg during Eid, largely due to higher demand for chicken compared to mutton and beef. Additionally, the fall in feed prices has contributed to the price hike.
Recent Government-Regulated Big increase in chicken meat price in Lahore:
- June 18: Rs 555
- June 19: Rs 577
- June 20: Rs 595
- June 21: Rs 625
- June 22: Rs 605
- June 23: Rs 599
Shopkeepers are struggling with declining sales due to fluctuating prices, which complicates negotiations with poultry farm agents.
Supply and Demand Dynamics
The fall in chicken meat prices have gone is mainly due to the imbalance between supply and demand. As the demand for chicken continues to rise, the supply is insufficient to meet the demand, leading to high market prices. Contributing factors include climate variability, changing consumer preferences, and disruptions in the supply chain.
Effects on consumers
Consumers are feeling the effects of higher chicken prices, affecting their household budgets, especially for those with lower incomes. Families that rely on chicken as a primary source of protein are particularly affected, with many now looking for alternative protein sources or reducing their meat consumption.
Effects on Poultry Farmers
Poultry farmers are also suffering due to the decrease in chicken prices. While higher prices may potentially reduce revenue, the overall cost of production, including feed, transportation, and other operational costs, has increased. Small-scale farmers face additional challenges competing with larger producers, further complicating market dynamics.
Government and regulatory response
The government and regulatory bodies are closely monitoring the situation. Efforts to stabilize the market include ensuring a steady supply of poultry, supporting local farmers, improving supply chain logistics, and implementing price controls to prevent excessive profiteering. However, these interventions often take time to produce results.
Long term solutions chicken meat prices have gone
To cope with rising chicken prices in the long run, several strategies can be employed. Enhancing poultry farming practices, investing in technology, and improving feed quality are key initiatives. Additionally, diversifying protein sources and promoting sustainable farming practices can help reduce future price fluctuations.
Conclusion
The significant decline in chicken meat prices in Lahore and other cities of Punjab is a complex issue affecting consumers, farmers and the market as a whole. While immediate measures are needed to ease the burden on consumers, long-term solutions focusing on supply chain improvements and sustainable farming practices are essential. Continued government oversight and proactive interventions will be key to stabilizing the market and ensuring affordable prices for everyone