Tarin seeks details about anti-competitive conduct in poultry sector Directs for stern steps to check cartelisation, hoarding, profiteering
May 25, 2021
Finance Minister Shaukat Tarin has sought details from the Competition Commission of Pakistan (CCP) regarding an inquiry underway with reference to some anti-competitive conduct that led to price hike in chicken feed, which in turn, increased prices of chicken.
While chairing a meeting of the National Price Monitoring Committee (NPMC) on Monday, the finance minister asked the CCP chairperson to present details about the inquiry.
The representatives of the provincial governments reported that surge in prices of chicken are driven by the gap in supply and demand. The poultry farmers have suffered losses over the last few months due to Covid-19 related supply disruption and poultry disease which in turn, fuelled poultry prices.
Finance Minister Directs CCP to Expedite Inquiry into Chicken Price Hike
Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, chaired the meeting of the National Price Monitoring Committee (NPMC) at the Finance Division today.
The NPMC reviewed the price trend of essential commodities, especially wheat flour, sugar edible oil/ghee, pulses, and chicken, during the last week. While briefing the NPMC about weekly SPI, the Finance Secretary apprised that prices of seven items registered a decline, whereas 19 remained stable during the week under review.
While reviewing the current price trend of chicken, the representatives of the Provincial governments reported that the surge in the prices of chicken is driven by the gap in supply and demand. The poultry farmers have suffered losses over the last few months due to COVID-19 relating to supply disruption and poultry disease, which fuelled poultry prices.
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Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the meeting of the National Price Monitoring Committee (NPMC) at the Finance Division today.
The NPMC reviewed the price trend of essential commodities, especially wheat flour, sugar, edible oil/ghee, pulses, and chicken, during the last week. While briefing the NPMC about weekly SPI, the Finance Secretary apprised that prices of 07 basic commodities registered a decline, whereas 26 items remained stable during the week under review.
Federal Minister for National Food Security and Research, Syed Fakhar Imam, updated the NPMC about the wheat procurement drive of the Provinces and PASSCO to ensure a steady supply of wheat at fair prices during the current year.