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Price hike for poultry products as dollars slides

Consumers are facing yet another round of increases in food prices triggered by the continued slide in Jamaican dollar against the US currency. With the US greenback now being sold for an average 111 Jamaican dollars, one major supplier of chicken meat has again adjusted prices. And the poultry industry says the movement in the exchange rate has pushed up feed prices and this will result in consumers paying more to purchase eggs. President of the Jamaica Manufacturers&; Association, Brian Pengelley, has said that he was expecting a slowdown in the slide of the Jamaican Dollar after the March quarter. He says the continuing slippage is placing tremendous pressure on the manufacturing sector and signalled that more price hikes are coming.