The poultry market took a huge blow: the situation is extraordinary

According to reports in local newspapers, egg prices in Pakistan have drastically declined in recent weeks after exports to the Middle East have virtually ceased. Szohail Ahmed, CEO of Noor Poultry, warned that the Gulf markets have been the main driver of growth for the Pakistani poultry industry in recent years, so the halt in shipments is now hitting the sector extremely hard. The volume of goods previously intended for export has flooded the domestic market. This has caused a significant oversupply and price drop, further squeezing the already low profit margins of farmers. However, the situation is not only affecting Pakistan. Significant poultry and meat exporters such as Turkey, Russia, Ukraine, the United States, and the European Union are also exposed to market disruptions. This risk particularly affects countries that are heavily dependent on Middle Eastern demand. According to Nan-Dirk Mulder, a leading analyst specializing in the animal protein market at Rabobank, ...