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US drought could send food prices up
By CAROL MATROO Sunday, July 29 2012
The price for live weight poultry in Trinidad and Tobago is expected to increase by $0.55, from $5.50 per pound to $6.05, because grain price is being affected by drought condition in the United States.
According to chairman of the Poultry Industry Standing Committee (PISC) and the Prices Council, Wendy Lee Yeung, soya bean and corn prices are spiking, so the effect on pork and chicken production, which includes chicken, poultry and eggs, have caused those prices to escalate. Extra large eggs are now retailing at $18 per dozen, she told Sunday Newsday yesterday.
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