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.
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