In Kuwait, egg prices are rising

 
 
 

Kuwait Society for Consumer Protection President Khaled Al-Subaie pointed out that egg prices have risen recently on local markets. According to Al-Anba daily, the surge is caused by some merchants opting to sell only minimal quantities of eggs in cooperative societies, while substantial quantities of eggs are diverted to parallel markets.

According to Al-Subaie, the Ministry of Trade and Industry has set the price for a tray of eggs in cooperative societies at one dinar and 210 fils, with close monitoring of prices within cooperatives. On the other hand, he noted that the price of a tray of eggs in alternative outlets like parallel markets varies between one dinar and 400 fils, one and a half dinars, and more.

Angry, Al-Subaie urged cooperatives to file complaints with the relevant authorities against companies that hinder or reduce the availability of their egg products.

Additionally, Al-Subaie expressed surprise over previous decisions by authorities prohibiting egg exports during specific periods, except for licensed national farms and chicken and egg producers. He found such decisions contradictory, as they both prohibited and allowed export simultaneously. Additionally, he suggested that export subsidies for eggs should be deducted from exporting companies during times of abundant production and low demand.

 
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