Critical Egg Shortage: Kuwait Cooperatives Under Pressure with 50% Deficit

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KUWAIT CITY, Jan 2: In recent days, numerous cooperative societies have faced a significant shortage in the supply of eggs, leading to visibly empty shelves in various outlets. Considered one of the most consumed commodities, eggs have become a focal point of concern as informed sources reveal that the supply deficit has exceeded 50 percent in certain cooperatives.

Alarming reports indicate that the Ministry of Commerce has received complaints from association officials, highlighting the escalating crisis surrounding the shortage of eggs. The primary culprit, according to these sources, is the surge in foreign exports attributed to price differentials. This has resulted in a widening gap between local supply and demand, ultimately contributing to the scarcity of eggs in cooperative societies.

Sources emphasized that the fixed price of a plate of eggs in cooperative societies stands at 1.2 dinars. However, in parallel markets unaffected by similar supply deficits, prices exceed this benchmark. This disparity has further fueled concerns about the sustainability of the fixed pricing model.

Production companies, providing insights into the situation, noted that the Ministry of Commerce’s insistence on price fixation is placing financial burdens on companies. Rising production costs, coupled with delays in cooperative payments extending up to several months, have compelled some companies to increase their export percentages. This strategic move aims to mitigate financial losses and capitalize on foreign markets where prices are not bound by fixed regulations.

As the egg shortage crisis intensifies, stakeholders await further developments from the Ministry of Commerce and potential measures to address the challenges faced by both cooperative societies and production companies.

This news has been read 1715 times!