Iran sees a record slump in poultry consumption

Published 2023년 1월 27일

Tridge summary

Iran's poultry market is experiencing a demand drop of 20-30%, leading to a surplus of 15 million chicken and a significant increase in egg and chick prices. This is largely due to a failed food industry reform by the government, resulting in a fivefold rise in corn and soybean prices and an unprecedented broiler market price hike. The situation has forced farmers to remove hatching eggs, leading to losses, and some consider ending their businesses due to continuous losses. The introduction of food stamps to partially cover broiler meat costs was delayed, further exacerbating the problem.

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Original content

Over the past few months, Iran experienced a 20-30% drop in demand in the domestic poultry market, prompting farmers to scale down operations. The Iranian poultry farming industry has not been in the best shape for the past several years, but the last few months were the worst, estimated Ataullah Hassanzadeh, CEO of Mazandaran poultry farmers union. In December-January, the market evidenced a surplus of 15 million heads of chicken, with a value of up to 400 billion tomans (US$0.95 million), he estimated. Rough calculations showed that the demand slumped by 20-30%, though this figure can vary across Iran’s provinces. Mazandaran poultry farmers are estimated to provide 80% of broiler meat consumed in the country’s capital of Tehran. Plummeting consumption has forced poultry farmers to act. Hassanzadeh said that producers had to remove hatching eggs from the production cycle. This step comes with great pain for Iranian farmers since thousands of expensive eggs are wasted. The price ...

Source: Poultryworld