September 3, 2008

 

UAE ministry allows rising of chicken prices
  
 

The Ministry of Economy (MOE) has allowed outlets in the UAE to raise prices of fresh and frozen chicken.

 

The new price of fresh chicken will be AED 16 per kilogramme, up AED 4. Prices of frozen chicken will increase to AED 14 per kilogramme from the previous AED 10.

 

Prices of remaining commodities will remain fixed until the end of 2008.

 

The MOE held a meeting with consumer co-operative societies and trade centres, which included Carrefour, Lulu, and the Abu Dhabi Co-operative Society, to inform them of the decision. The groups were also asked to maintain the prices of other commodities at the current fixed levels.

 

The ministry has allowed these temporary increases until the higher committee of consumer protection holds a meeting within a few days and new shipments of Saudi chicken arrive, according to Dr Hashim Al Nuaimi, head of the Consumer Protection Department at the MOE.

 

Al Nuaimi said prices will fall once there is an increase in chicken supply, and that prices were allowed to increase temporarily in light of rising production costs. The price increases were also aimed to prevent shortages of any commodity during Ramadan.

 

US$1 = AED 3.67863

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