Poultry unions state that the fivefold increase in feed prices following the removal of preferential currency is the reason for the rise in prices.
Chicken Prices Reach 350,000 Tomans per Kilogram / Minister of Agriculture Explains the Price Increase
Chicken prices in Iran have surged to 350,000 tomans per kilogram due to a significant increase in feed costs after the government eliminated preferential currency. The Minister of Agriculture has acknowledged these factors as contributing to the price hike, impacting consumers and the poultry industry.
👥 Key Players
📰 What Happened
Chicken prices in Iran have dramatically increased to 350,000 tomans per kilogram due to a fivefold rise in feed prices. This surge follows the government's decision to remove preferential currency for feed imports.
- Feed prices have increased fivefold after the removal of preferential currency.
- The price of chicken has reached 350,000 tomans per kilogram.
💡 Why It Matters
📚 Background
Iran has been facing economic difficulties, including high inflation and currency devaluation, which have impacted food prices significantly.
🏷️ Entities Mentioned
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Translation confidence: 85%