Pakistan's poultry prices have started to drop after a month of sustained improved chicken meat supplies in the retail and wholesale markets, according to reports.
Prices had previously climbed to highs of Rs 300 (US$6.12) per kilogram, but are now at around Rs 240 (US$4.90) per kilogram. Poultry industry traders have attributed the drop in prices to increased supplies in Punjab. Many of the country's coastal areas were affected by widespread rains, which caused significant financial losses to the poultry industry — into the billions of rupees — that farmers are only now beginning to recover from. A resulting supply shortage drove prices out of the range that local consumers could afford, adding to the industry's difficulties. Farmers say they hope the price drop will help speed their recovery.