Analysing the Factors Influencing Price Hike on Animal Protein-Based Food in Bangladesh: A Supply Chain Perspective
Keywords:Livestock products, animal-based protein, Price hike, feed expenses
The increasing prices of livestock products (animal-based protein products), including meat, fish, eggs, and poultry, have become a significant concern in Bangladesh. This research is done to find out the root causes of the price hikes within the livestock products and their supply chain. The research also explores potential strategies for resolution. The study investigates key factors behind the price hike, identifies responsible parties, analyzes the overall cost of production, and proposes effective supply chain management improvements in Bangladesh. By analyzing data collected from various sources, including consumer surveys and expert opinions, the research paper highlights how factors like feed expenses, syndicates, inflation, global conflicts, and the COVID-19 pandemic greatly affect price fluctuations of livestock products.
The study emphasizes the necessity for proactive government regulations, continuous market monitoring, and strategic policies to control price hikes and reduce the adverse effects on consumers' purchasing power. Through this comprehensive analysis, the research paper aims to find out the complex entities that contribute to the price hike of livestock products (meat, eggs, poultry, fish, etc.) and provide suggestions to mitigate the adverse situation.