LAHORE: Poultry farmers on Saturday raised concerns over the rapid increase in raw material prices which may lead to reduced production and high priced poultry products in the long run. Rehman opined that poultry feed being 75-80pc of the input cost will have a serious impact on the cost of production and will contribute to losses suffered by farmers. He maintained that feed prices during July to November have gone up from Rs3,085 per 50kg to Rs3,530 which means that there has been an increase of Rs8,900 per tonne within just a few months. “Soybean meal is an essential ingredient of poultry feed and also produces edible oil for consumption. “Concerned departments need to take action with utmost urgency in order to save the poultry sector and consumers from long term inflation,” he said.

Source: Pakistan Today November 28, 2020 11:48 UTC