In response to high production costs and a rise in international shipping costs, the UAE Ministry of Economy has approved a temporary increase in egg and poultry product prices by a maximum of 13%, as reported by Emirates News Agency (WAM).
The ministry conducted an analytical study, in cooperation with a specialized advisory team, to verify the necessity of the increase and studied the cost of egg and chicken products. This increase is temporary and will be assessed within six months, and if there are no reasons for it in light of the developments in the local, regional, and global markets, it will be canceled or amended.
The ministry explained that this increase aims to protect poultry and egg companies and farms from the negative effects of high production costs and to help sustain the operations of these companies. This will ensure their ability to provide egg and poultry products in the UAE markets at stable and reasonable prices.
The ministry emphasized that egg and poultry products are among the commodities whose prices cannot be raised in the markets without prior approval from the ministry. This step comes in line with the pricing policy launched under Cabinet Resolution No. 120 of 2022, which sets the rules and controls for pricing consumer goods in the country.
The ministry stressed that the rise in commodity prices is a global challenge, and that it is continuously studying any global rises in the prices of major commodities. It is working in an integrated manner and in accordance with a clear policy to reduce the impact of any uncontrolled rises in international prices of these commodities on the final products in the country’s markets.