‘Non-payment of bills on time’
KUWAIT CITY, Dec 18: Some cooperative societies have recently witnessed a scarcity of eggs, compared to earlier times for various reasons, which have contributed to a slight increase in prices in parallel markets, reports Al- Qabas daily.
By contrast, eggs were regularly available in other cooperatives with no change in the consumer’s consumption particularly those living in residential areas who also had access to parallel markets where eggs were available in abundance.
According to informed sources, the lack of supply of eggs in some cooperatives, especially the branches, is caused by non-payment of bills on time to poultry companies.
It is said the bills have to be paid in time to the supply companies if supply is to be ensured regularly and on a daily basis.
The sources added the delay in payment has led to pumping of additional quantities of eggs in the commercial markets, as well as exporting the eggs to neighboring countries because of the guarantee of immediate payment of bills and without any delay.
The sources pointed out the cooperatives pay a quarter of the monthly bill to eggs supplying company and this increases the volume of debt compared to the daily supply.
In a related context, the head of the Federation of Consumer Cooperative Societies Khaled Al-Hudaiban confirmed the existence of periodic followup by the Union for all consumer items supplied to cooperatives and branches. He added no complaints have been received from any party or shareholders about lack of food products on the shelves of the cooperatives.
Al-Hudaiban told the daily if the federation receives any complaints in this regard, action is taken by the competent committees. However, he spoke of irregularities and price exaggeration by some companies supplying the goods. He pointed out the scarcity of any types of goods is due to different reasons, including non-payment of corporate dues on time, as well as financial difficulties faced by some cooperatives.