American Samoa Islands home Prices
Samoa Islands home pricesStrong consumer demands combined with lower supplies are one of the causes of the rise in the prices of samoa poultry tails selling in American Samoa last months, while the fall in the prices of virgin egg is due to a possible oversupply, says Keniseli Lafaele, head of the Department of Commerce. In addition, the BFI reported that eight foods - poultry leg, live seafood, paddy-rib, egg, milk, sugar, bread and icecream - contribute to the fall in the CPI.
"The number of fresh packs fell significantly by 3.1% and the remainder by less than 1% each," it says. In the BFI also says poultry cocks rose by 2. 3% in October as Mayonnaise continued to soar since August this year - with another 0.5%.
However DOC provides no other detail or an explanation on why the rise in the turkey tail and Mayonnaise. Such as, an avarage rate for a case of turkey cocks was about $14, but has fallen to almost $15 from last weeks. In fact, in recent month the petroleum prices have been rising," he added, pointing out that the forward cost of a Brent grade has risen from around $46 in July 2017 to over $60 by the end of October 2017 - an upward trend of over 30%.
DOC CEO points to the rise in the cost of raw materials such as raw materials for the production of turkeys and cannabis. It said that recent rises in world market prices for petrol have increased the pressures on transport prices for all goods, which include savings on premiums for cattle, pigs and chicken.
As a result, the higher transport cost is passing on to distributors, retailer and finally to the consumer. In addition, higher prices for premiums - so-called premiums - are driving the consumer towards more accessible pieces of meats (normal goods) in order to preserve buying capacity in other expenditure classes. "Given that the tale of turkeys is a common commodity, higher prices for prime slices of cattle, pigs and chickens usually increase demands for the tale of turkeys and exacerbate the price increase.
"In addition, avian influenza in areas supplying South Pacific Island birds has limited local supplies of turkeys' tail in recent month. "Prices in our highly competition-orientated economies, where prices are largely determined by a sensitive imbalance between supplies and demands, have risen in recent weeks both as a consequence of the marginally rising demands for tail turkeys and as a consequence of a decline in producers' supplies over a similar timeframe to a better match with that of the market," he said.
Turkeys are predicted to increase further in the next few month due to higher transport prices. "The offer is likely to normalise, which should help to partially compensate for the increase in transport costs," he added. However, he points out that the increase in the oil prices is the major driver.
"The predicted rise in the crude oil prices over the next few years suggests that the prices of these raw materials will also see some upside pressures in the same timeframe, although the extent of the pressures at that point is not known," he said.
Concerning the drop in the number of laid hens, Lafaele said the drop was due to a recent oversupply of hens in areas supplying the South Pacific basin with virgin beans. "Given that birds, such as hens, have relatively brief gestational times and maturation times, the unilateral availability of oviparous hens and broilers is expected to level out in the coming month as growers implement updated rearing and slaughter plans," he stresses.