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Consumers Association calls for lower Stockfeed prices

Sep 14, 2009 News

The Guyana Consumers Association (GCA) has expressed concerns over the comparative high prices of local meat and meat products.

In a statement to the media yesterday, the GCA noted that several consumers believe that the high prices for the meat as well as their products is as a result of the high prices demanded for stockfeed.

The GCA recognises the Guyana Stockfeeds Ltd, as having approximately 80% of the market and is therefore the main determinant of prices.

With this in mind, the association strongly suggested that Stockfeeds Ltd. and the Ministry of Tourism, Industry and Commerce immediately meet to review the question of “lowering the prices of stockfeeds so as to have cheaper meat products on the local market.”

According to the statement, if the local stockfeed prices cannot be reduced by a substantial amount, the GCA recommends that “importers be encouraged to source and import cheaper supplies.”

The association also suggested that other prospective producers be offered financial and economic concessions so as to establish a more competitive milieu.

The Guyana Consumers Association however looks forward to positive results from any discussions between Stockfeeds Ltd. and the Ministry.

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