Chopping Down the Chicken Cartel
Tuesday, February 16, 2016
Skyrocketing prices of poultry in recent weeks is a clear indication that the government is powerless against the cartel. A handful of poultry breeders have deliberately controlled supply to rake in more profits, without considering the effects on consumers.
Ironically, the state even helped facilitate this shameful practice. The directorate-general of livestock and animal health openly supported the agreement among 12 poultry breeders to cull 6 million parent stock broilers. In the deal signed on September 14 last year, the breeders also agreed to destroy 40 percent of hatching eggs.
Skyrocketing prices of poultry in recent weeks is a clear indication that the government is powerless against the cartel. A handful of poultry breeders have deliberately controlled supply to rake in more profits, without considering the effects on consumers.
Ironically, the state even helped facilitate this shameful practice. The directorate-general of livestock and animal health openly supported the agreement among 12 poultry breeders to cull 6
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