Avaco Big Bird Operations Manager Lance Pinder said yesterday that the government’s commitment to supporting the local poultry industry shows that it is thinking outside the framework.
Prime Minister Philip Davis announced in a budget communication on 2022/2023 that the government will support local poultry producers, especially by helping reduce electricity costs.
“I’ve been talking to them for the past few weeks because the government was very concerned about food prices and wanted to know how they could help us and help lower food prices. I know we were talking about getting help to reduce our electricity bills, “Pinder said. Guardian business yesterday.
“I know about electricity, we were talking about some kind of subsidy.
“Electricity has always been a big cost for all kinds of operations. It has always been a big cost because it requires a lot of refrigeration and a lot of ice production if you want to do it properly.
“But this is a deviation from what the government would have thought in the past, and they seem to be trying to think outside the box, and I’m happy.”
At the same time, the government has promised to reduce the obligations of foods, especially chicken parts, used primarily in the restaurant and tourism industry.
The obligation to import chicken is currently 30% and remains high for many years as a means of encouraging consumers to support Bahamian poultry producers.
Pinder said he understands that reductions are needed for now, but may be temporary.
“They are facing challenges as food costs are rising crazy, but at the same time they want local producers to produce more, so they are now chicken. I know I was considering lowering tariffs to lower the cost of the chicken, because we are still rebuilding and not fully operational. And with the concession of electricity, they are I think we’re trying to offset the potential negative impact on our business, “he said.
He continued. “Well, if you want to grow your industry, I think you need to rethink some of them. There was talk of it being temporary until the industry reaches the norm.”
Avaco Big Bird has been producing chicken products for 25 years and has suffered significant losses from Hurricane Dorian, who devastated the island in September 2019.
The company has resumed production since 2020, but has not reached pre-pandemic production levels.
https://thenassauguardian.com/govts-move-to-support-local-poultry-sector-lauded/ Government moves to support the local poultry sector were praised