Vitalo, a leading player in Suriname’s feed industry, has announced that it has lowered its feed prices, which is good news for the chicken sector. Dagblad Suriname (DBS) has learned that the prices of broken rice in particular have fallen significantly, which has a positive impact on determining prices.
But that’s not the only good news. Since October 1, VAT (Value Added Tax) is no longer levied on feed. This decision means a total reduction of 15% on feed costs for smaller growers who were previously unable to reclaim VAT.
However, what causes some confusion is the fact that the state continues to charge VAT on live chickens, while slaughtered chicken meat is exempt from VAT. This raises questions about why tax is levied on one link in the chain, while it is believed that the entire food chain should be VAT-free.
Chicken meat is known as an excellent source of high-quality proteins, which are essential for building and repairing tissues in the human body. Proteins play a crucial role in the growth, development and maintenance of muscles and other body structures. In addition, chicken meat contains important nutrients such as vitamins (such as B vitamins), minerals (such as iron and zinc) and amino acids, which are vital for overall health and proper functioning of the body.
Nevertheless, it is important to note that consuming chicken meat also comes with ethical, environmental, and health considerations. Some people consciously choose not to eat meat for reasons of animal welfare, environmental awareness or health. This choice is personal, and there are alternative sources of protein and nutrients available for those who choose not to consume chicken meat.
Recent developments in prices and taxes in the agricultural and food sectors emphasize the importance of a balanced approach to food policy, taking into account both economic and social factors. This debate will undoubtedly continue as Suriname continues to work to strengthen its food supply and promote healthy food choices for its population.