Poultry Division: The continued increase in feed prices threatens small farmers in Egypt

Published 2021년 1월 18일

Tridge summary

The article highlights the impact of the Corona crisis and Argentina's corn export ban on the Egyptian poultry sector, with a particular focus on small and home poultry farms. It explains how the sector's high costs, including a significant increase in fodder prices, are pushing many farms to cease operations, with as many as 40% expected to shut down. The article also discusses the differences in profitability between large and small poultry companies and calls for government support and policy changes to address the crisis. Additionally, it mentions the efforts of the Ministry of Agriculture to expand corn cultivation and the notable decrease in yellow corn imports in 2020 compared to the previous year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The repercussions of the escalating Corona crisis have caused an increase in the price of fodder needed for small and home poultry farms, which represent 70% of the production capacity in Egypt, and 40% is expected to formally exit the sector in the event that the price increase continues, according to Abdulaziz Al-Sayed, head of the poultry division. Al-Sayed confirmed in exclusive statements to Al-Mal newspaper that the rise of a ton of soy feed to 11.6 thousand pounds compared to 11 thousand pounds during the end of last year will lead to an exit of 40% of the sector's strength, especially with the severity of the cold climate that requires expensive heating and care, even if some have left. It really got out. Al-Sayed had said in previous statements to the “Al-Mal” portal that the price of poultry fodder had risen to 8,000 pounds per ton compared to 7,600 pounds within 9 days. Read also the price of eggs today 1-14-2021 in Egypt, and Al-Sayyid emphasized that the price of a ...

Source: Almalnews