Indonesian authorities try to control poultry prices in the country

Saturday, 07 September 2019 00:00 Written by  font size decrease font size decrease font size increase font size increase font size

Indonesian government officials are trying to dispose of more than 10 million poultry eggs in order to control the price of chicken meat in the country.

 

According to the plan, all poultry farms aged over 68 weeks will be shipped to the slaughterhouse and 10 million less-than-19-days-old eggs will also be collected from the market.

Estimates show that chicken prices have fallen more than 25 percent this year compared to the same period last year.

Although consumers of the product may be happy with the conditions and price of chicken meat for less than two dollars per kilogram, the government is trying to support the producers of the product.

According to the Central Bank of Indonesia's Strategic Commodity Price Information Center, the average retail price of poultry has hit its lowest level since 2016. Ultimately, the drop in prices has led to a drop of more than 36% in the stock market of Indonesian chicken meat producers.

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