UAE | General
Egg and poultry price rises fixed
Increases in the price of eggs and poultry have been fixed at a maximum of 10 and 12 per cent respectively, the Ministry of Economy revealed on Wednesday.
- By Ahmed A. Elewa, Staff Reporter
- Published: 00:15 February 7, 2008
Abu Dhabi: Increases in the price of eggs and poultry have been fixed at a maximum of 10 and 12 per cent respectively, the Ministry of Economy revealed on Wednesday.
The decision came as an adoption of the Consumer Protection Department's ceiling, and was made in reaction to requests from egg and poultry producers and traders seeking a 15-to-20 per cent increase in the price of eggs, and a 25-to-37 per cent increase in the price of poultry.
Producers say they need to increase their prices because of a rise in production costs and a hike in feed prices.
"We call upon exporters to widen the base of countries of origin and seek better prices, while consumers need to rationalise their demand," Abdullah Al Salah, undersecretary at the Ministry of Economy, said at the fourth meeting of the Higher Committee for Consumer Protection (HCCP), which convened on Wednesday.
"The committee does not seek to price the goods and services in the UAE, as this is an illegal practice that contradicts the principles of the free market adopted by the country," he said adding that the idea is to protect consumers against unjustified price hikes, monopolies, and cartels seeking to exploit them.
"Pricing has many negative effects, as it can result in quality manipulation, or the rise of the black market and all the negative consequences related to this," Al Salah added.
Latest news
- Youngsters dance and raise cash for charity
- Dubai departments upgrade services
- Get yourself a free test for diabetes
- Ensuring a safety net for intellectual property
- Reader's issue addressed
- 5,552 illegals held in Dubai this year
- Man cleared because he took drugs in France
- Man charged with trafficking women
- Auditors to probe Mizin graft case
- Breaking down cultural barriers with photographs
- Abu Dhabi Crown Prince visits Islamic centre
- Police's secret source scheme reaps rewards
- Transfusion centre launches new toll free number
- Mirror, mirror show me the way
- Smart e-Gate system launched
Community Reports
-
Mirror, mirror show me the way
Driver on Salam Street had so many boxes and fruits piled into car, he would not be able to view rear or right side mirrors
-
Parents should be more vigilant
Reader's picture highlights risk of negligence by caretakers
-
Warming up to ‘Mobilise the Earth' theme
Dubai school dedicates a whole week to celebrating Earth Day with can-collection drives, sapling plantation and painting competition among others
-
Drivers using mobiles put others' lives at risk
Speeding is dangerous for the driver and other motorists
