Poultry Market Analysis for February 2024

Chicken Meat:

Overall Trend: Prices started at 634 PKR/kg and remained stable for the first few days. A slight increase to 651 PKR/kg was observed on Feb 5th, followed by fluctuations between 612 and 634 PKR/kg throughout the rest of the month.
Highs and Lows: The highest price was 651 PKR/kg on Feb 5th, and the lowest was 587 PKR/kg on Feb 13th.
Volatility: Prices displayed increased volatility between February 11th and 20th, dipping to 602 PKR/kg on both February 12th and 14th, before recovering to 622 PKR/kg by February 20th.
End of Month: The month concluded with prices settling back at 602 PKR/kg.

Observations: Prices generally remained above 600 PKR/kg with some fluctuations. The market appeared to stabilize towards the end of the month.

Farm Eggs:

Overall Trend: Prices started at 370 PKR/dozen and remained constant for the first two days. A significant decrease occurred on Feb 3rd, reaching 303 PKR/dozen, followed by further decline to 237 PKR/dozen on Feb 17th. This lower price range was maintained until the end of the month with a slight increase to 243 PKR/dozen on Feb 29th.
Highs and Lows: The highest price was 370 PKR/dozen on Feb 1st and 2nd, and the lowest was 237 PKR/dozen on Feb 17th.

Observations: During the month, there were notable price decreases that were followed by stabilization and a small gain at the end of the month.