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Price Increase To Affect Consumers

Frozen Chicken Price Increase To Affect Consumers Publish date/time: 11/06/2008 [16:05] Rising world food prices will affect consumers in Fiji again fromsometime next week. Prices and Incomes Board officials have confirmed that the newprices have been forwarded to the manufacturers and consumers willfeel an increase in the price of rice and local frozen chickenproducts from next week. Prices for Thai Long Grain Rice will increase by 20 percent. Theincrease is for the brown rice milled here. This is due to the increasing world price of rice. Meanwhile, there will be an average increase of 3 percent in theprices of local frozen chicken products including whole birds andchicken portions. The increase in the price of frozen chicken products is due to theincrease in livestock feed prices as it is major component iswheat. The impact of the increase will be felt by the consumers by nextweek. PIB will also monitor the price increase margins placed bywholesalers and retailers.
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