Poultry Prices Fall by Tk 40 a Kg in a Single Day
Broiler chicken prices in Dhaka fell by up to Tk 40 a kg the day after Eid as demand collapsed, though traders expect prices to climb again within weeks.
Broiler chicken prices in Dhaka fell by up to Tk 40 a kg the day after Eid as demand collapsed, though traders expect prices to climb again within weeks.
Broiler chicken prices rose again on the day before Eid, touching Tk 200 a kg in parts of Dhaka, up as much as 82 per cent during Ramadan.
Economists and farmers say Bangladesh's poultry sector needs its broken supply chain rebuilt and the government's promised incentive paid quickly to genuine farmers.
With broiler farms lying empty after coronavirus losses and no sign of the promised incentive, farmers warn broiler chicken may soon be unavailable even at Tk 300 a kg.
Ramadan demand has lifted milk prices to Tk 40-50 a litre, giving dairy farmers some relief after the lockdown collapse, though they fear what comes after.
A month into the lockdown, broiler chicken sells at farms for half its Dhaka price, leaving farmers who spend Tk 110 a kg to produce it deep in loss.
The coronavirus has plunged Gazipur's poultry industry into crisis, with small farmers selling eggs and meat below cost and half of Sreepur's farms already shut.
A government livestock officer argues that broiler chicken does not spread the coronavirus and that meat, including chicken, can help strengthen the body's immunity.
Farm-gate prices of eggs and broiler chicken have collapsed during the coronavirus shutdown, while shoppers in Dhaka have seen far smaller falls.
Broiler farm owners say the coronavirus situation and rumours have left them without wholesale or retail buyers even though their birds are ready for sale.
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