Monday 09 January 2023
I wrote – Dina Khaled:
Mahmoud Al-Anani, head of the General Federation of Poultry Producers, expected poultry prices to decline in the markets in mid-February, with signs of new cycles beginning to appear in the markets.
Al-Anani said, to Masrawy, that the decline in prices depends on a number of factors, the most important of which are: providing the dollar needed to import feed production inputs, and low prices for feed in the markets, which will result in breeders continuing to introduce new courses, which leads to an abundance of supply.
Al-Anani pointed out that there are a large number of breeders who have started to introduce new production cycles after the cancellation of the documentary credits decision, and their expectations of a decrease in fodder prices soon.
Poultry prices have witnessed a noticeable increase in recent days, and the price per kilo in the market has reached 60 pounds, amid some shop owners announcing the closure or the tendency to close their shops due to the high prices.
Last February, the Central Bank issued a decision to stop dealing with collection documents in all import operations and to work with documentary credits instead, before returning to cancel this decision at the end of last year.
Importers and manufacturers suffered during the last period from a crisis of lack of production requirements due to the delay in opening documentary credits, and the slow management of currency by banks, according to importers and manufacturers who spoke earlier to Masrawy.
The feed shortage crisis during the last period, due to the problem of the accumulation of goods in ports with the dollar shortage and the application of the documentary credits system, prompted some poultry farms to cull quantities of chicks, which sparked widespread controversy prompting the government to seek quick solutions to the crisis.
Egypt produces about 1.6 billion birds annually, and this production achieves self-sufficiency by about 95%, and the gap between production and consumption does not exceed 5%, according to data from the Poultry Division.