September Price:
Chicken Broiler & Egg Rates:
Chicken Broiler & Egg price in Pakistan
Upward Trend: The average broiler rate increased by almost 11% year-over-year, indicating an upward trend in pricing for poultry products.
Chicken is a Basic Necessity of Protein and Daily Use; Price Hikes Directly Impact People’s Lives
The poultry market has seen significant changes over the past year, with fluctuations in chicken prices reflecting broader economic factors. This analysis compares the chicken prices in September 2023 and September 2024, highlighting trends, differences, and potential reasons behind the pricing shifts. The comparison aims to provide insights for consumers, vendors, and stakeholders in the food industry.
Chicken Meat Prices
Week-by-Week Analysis
Week 1 (1st-9th September)
- 2023 Prices: The average price of chicken started at 560 and saw a gradual decrease, hitting 527 by the end of the first week.
- 2024 Prices: Prices started higher at 562 and showed an upward trend, reaching 584 by the end of the first week.
Week 2 (10th-17th September)
- 2023 Prices: The prices continued to decline, with a low of 494 recorded mid-week.
- 2024 Prices: The trend was notably different in 2024, where prices surged to 594 and remained stable at 595 for most of the week.
Week 3 (20th-27th September)
- 2023 Prices: The rates showed some recovery, stabilizing around 542 and 527.
- 2024 Prices: Rates were consistent at 595, demonstrating a significant rise compared to the previous year.
Week 4 (28th-30th September)
- 2023 Prices: Prices fell slightly to 512 but then climbed to 542 by the month’s end.
- 2024 Prices: Prices remained unchanged at 595, showcasing a stable trend that was much higher than the 2023 values.
Egg Prices per Dozen
- Week 1 (Average Price)
- 2023: The prices ranged from 299 to 303.
- 2024: The prices ranged from 302 to 304.
- Week 2 (Average Price)
- 2023: Prices started at 303, dropped to 288, then rose to 296.
- 2024: Prices increased slightly, reaching 306 and then remaining consistent.
Percentage Change
To calculate the average prices for each year:
2023 Average Price: 298.25
2024 Average Price 2.14%
Key Observations
- Consistent Rise in 2024 Prices: Unlike 2023, where prices fluctuated significantly, 2024 displayed a consistent increase in chicken prices, stabilizing at a high of 595 by mid-September.
- Economic Factors: The increased prices could be attributed to inflation, rising feed costs, or changes in supply chain dynamics, which led to a sustained price hike in 2024.
Data Summary
- Week 1 (Average Price)
- 2023: The prices ranged from 299 to 303.
- 2024: The prices ranged from 302 to 304.
- Week 2 (Average Price)
- 2023: Prices started at 303, dropped to 288, then rose to 296.
- 2024: Prices increased slightly, reaching 306 and then remaining consistent.
chicken | 2023 | 2024 |
| Week 1 | 560 | 562 |
| 555 | 570 | |
| 530 | 580 | |
| 527 | 584 | |
| Week 2 | 519 | 594 |
| 494 | 595 | |
| 504 | 595 | |
| 552 | 595 | |
| week 3 | 542 | 595 |
| 527 | 595 | |
| Week 4 | 512 | 595 |
| 542 | 595 | |
| Average | 530 | 588 |
Egg Rate
| 01-Sep-23 | 299 | 302 |
| 03-Sep-23 | 301 | 304 |
| 05-Sep-23 | 303 | 304 |
| 09-Sep-23 | 303 | 304 |
| 10-Sep-23 | 303 | 305 |
| 14-Sep-23 | 288 | 306 |
| 17-Sep-23 | 293 | 306 |
| 20-Sep-23 | 296 | 306 |
The average chicken broiler price increased from 530 in September 2023 to 588 in September 2024, which represents a 10.94% rise. This rise in prices may be due to multiple factors such as inflation, increased feed costs, or supply chain challenges. Stakeholders across the supply chain need to adapt to these rising costs, whether it’s through operational efficiency, pricing strategies, or alternative sourcing methods.
