Pakistan Economy
Economy faltering: Egg prices spike in Pakistan
Islamabad: Pakistan's economic condition seems to be touching a new low as prices of eggs in the south Asian nation have escalated to Rs 200-240 per dozen.
The price has spiked amid rising demand for eggs in the winter season.
Talking to Dawn News, consumers said the government has utterly failed in checking the egg price hike, leaving them at the mercy of poultry farmers and retailers who in turn blame costly chicken feed for sharp jump in rates.
Egg price in Quetta, the provincial capital of Balochistan, are now pegged at Rs240 per dozen while in other major cities including Karachi and Lahore see the produce at Rs200 per dozen, the newspaper reported.
Retailers in Karachi told Dawn News one egg used to sell at Rs12-13 in winters, but this year it has crossed the Rs17 per egg mark –the highest in country’s history.
Talking to Dawn, General Secretary Sindh Poultry Wholesalers Association (SWPA) Kamal Akhtar Siddiqui said wholesale egg price is now at Rs5,850 per 30 dozen or Rs195 per dozen. Two months ago, 30 dozen eggs were pegged at Rs4,500 or Rs150 per dozen two months back.
He told the newspaper that the hike in the prices of live birds and eggs to rising feed prices.
“Wholesale live bird and its meat prices are Rs240 and Rs360 per kg, respectively,” he added.
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