Panel to ponder increase in egg rates by 25%

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Bird flu return sparks fears

KUWAIT CITY, Oct 11: The increase in egg prices by 25% in supermarkets, cooperative societies and poultry selling points provoked the Ministry of Commerce, which informed sources said that it will discuss the reasons for this increase, and is heading to form a special committee that includes in its membership the departments of Supply, Control and Consumer Protection, the Pricing Committee, reports Al-Qabas daily. The consumer protection authorities also monitored an increase in the prices of palm and bajilla products in cooperatives by about 50 fils per pack, and an increase in the prices of all vegetables in restaurants by 100 fils per product.

Moreover, the head of the Consumer Protection Department, Mishaal Al-Manea, told the daily that there is a tendency to add eggs to the supply in cooperatives and support them through the state, to stabilize their price after the recent increase that reached 300 fils at some points of sale. Al-Manea indicated that many reasons may be behind the high price, but what the companies relied on were concerns about the return of bird flu, and therefore production and supply were reduced in the market now, and with the increase in demand, they raised prices, in addition to the increase in the price of fodder. With regard to the prices of palm and bajilla, he said that the observed increase included 80% of the points of sale in cooperatives by about 50 fils per pack, which raised its price to 400 fils.

He said that “Consumer Protection” submitted to the cooperative societies and the competent authorities, and called on them to subsidize gas as it supports Al-Tanour bakeries, in order to maintain the price ceiling, especially that the monthly cost on the societies will not be more than 25 dinars

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