Chicken Prices Likely to Rise Higher

by 5m Editor
3 August 2011, at 8:22am

DOMINICAN REPUBLIC - Rising costs are pushing up chicken prices for consumers.

Poultry farmers have said fresh chicken should cost as much as RD$49 per pound, which is much higher than the RD$43 to RD$45 the vendors get in the barrios, reports Dominican Today. The reaction comes in the wake of complaints that grocery stores (colmados) and supermarkets sell the meat at as much as RD$55 per pound.

The farmers, the Consumer Protection Agency and Agriculture Ministry officials have cautioned that prices in the barrios could increase again.

Producers says they have sustained losses over several months but now make RD$2.50 per pound, citing 'a small adjustment' to return to their profit of RD$10 as recently as one month ago.

They added that to raise one chicken costs RD$25.58, which sells for RD$28.50 in the northern region, RD$31 in Santo Domingo and RD$29.50 in the South.