After grain, Egypt also cuts poultry imports

Egyptian poultry farmers expect the state, which has a strong presence in the sector, to essentially stop importing frozen chicken. This is not the first initiative in the Arab country. According to the Egyptian professional association, Egyptian poultry farmers lose an average of about 7 Egyptian pounds (roughly HUF 51-52) per kilogram of live weight. Last year, chicken meat production was estimated at 2 million tons, which is double the amount between 2010-2019, although the output has remained unchanged for the past 5 years. But last year, the government temporarily abolished the import duty on frozen chicken: Brazil supplies the most (200,000 tons), but there are also many goods from Thailand, the USA, and Ukraine. Poultry farmers are also sometimes frightened by exchange rate fluctuations, in which case they tend to sell their stocks in a panic, even at weak prices. Under pressure from poultry farmers, the government's plan is to allow farmers to slaughter and freeze poultry ...