Chicken prices to go up
Consumers will soon have to pay more for chicken meat due to the tax measures announced last week by Finance Minister Dr Peter Phillips.
President and CEO of Jamaica Broilers, Christopher Levy, explains that with GCT to be added to animal feed combined with higher costs for electricity and packaging material these will have to be passed on to consumers.
Mr. Levy says the industry is not in a position to absorb the costs.
He did not give a time line for the increase.
Most of the new tax measures will take effect on Friday.
Consumers will soon have to pay more for chicken meat due to the tax measures announced last week by Finance Minister Dr Peter Phillips.
President and CEO of Jamaica Broilers, Christopher Levy, explains that with GCT to be added to animal feed combined with higher costs for electricity and packaging material these will have to be passed on to consumers.
Mr. Levy says the industry is not in a position to absorb the costs.
He did not give a time line for the increase.
Most of the new tax measures will take effect on Friday.
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