The Barbados Agricultural Society (BAS) says there will likely be an increase in the local poultry and pork cost of products.
On Thursday, during a press conference at the BAS headquarters, The Grotto, St Michael, chief executive officer of the association James Paul said the cost of commodities on the international market were increasing and this could have an impact on the price of products the farming community produced.
“About two\three months ago we witnessed an unprecedented increase in the prices of grain which are used in the making of feed,” he said. “Already in the United States (US) we have an indication that there have been some increases in the price of consumer goods and this is a worrying sign for us down here because it will have an impact on us going forward.
“We can expect that if grain prices continue at the level that we are seeing right now it could have some impact and cost implications for farmers in Barbados. So far we have been able to hold on to the cost of local feed . . . but from a long-term point of view, we do not know whether or not there is a new normal and we are going to have to look for new strategies going forward to help farmers to cope.” (SB)
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