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Juman: Local producers could produce enough wings for World Cup
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Farmers urge against poultry panic; insist no shortage
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Large poultry producer offers to help small farmers
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The Barbados Egg and Poultry Producers Association (BEPPA) does not believe consumers benefited from its members selling poultry at a ten per cent discount over the past five months.In fact, president Stephen Layne told Barbados TODAY that it appeared that supermarkets and other retailers benefited more from the price reduction than those for whom it was intended.He said this was one of the two main reasons BEPPA believed the Social Compact signed with the Government last July – under which the private sector agreed to limit their markup on certain goods and produce from August 19, 2022, to January 31, 2023, to reduce prices – was unsuccessful.“We thought that we could have made an impact on the consumers that were least able to purchase, but most of those savings would have gone into the supermarkets . . . . My price check on that is that . . . I wasn’t seeing any significant [difference in the] markup . . . so that was a major concern to us,” he said.
As Government officials work behind the scenes to avert a hike in animal feed prices, farmers have declared that another increase in the cost of the product could drive them out of business.Saying that they simply cannot afford to pay more at this time, they warned of layoffs and even bankruptcy with a possible hike by Pinnacle Feeds looming.Minister of Business Kerrie Symmonds told Barbados TODAY that an analysis is being conducted to determine the extent of the challenges the company said had contributed to its decision to increase prices by as much as 11 per cent and inform recommendations on the way forward.The manufacturer of poultry and livestock feed informed the Barbados Agricultural Society (BAS) last week that it could no longer hold off increasing prices until January 2023, given increasing input costs. However, it subsequently announced that it would delay the planned increase.