Egypt: Committees and loans to operate and renew licenses of suspended farms

Published Dec 3, 2024

Tridge summary

The article outlines the efforts of the Egyptian government, led by Deputy Minister of Agriculture, Engineer Mustafa Al-Sayyad, to enhance the efficiency and profitability of poultry farms by addressing the challenges faced by small breeders. This includes forming committees to assess issues, convert farms from open to closed systems, increase production capacity, and provide financial support through 5% soft loans. The government is also working to control prices of broilers and table eggs, with the Agricultural Bank of Egypt set to finance poultry farm equipment and provide operation soft loans. Furthermore, efforts are being made to adapt to climate change to boost productivity.

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Original content

Engineer Mustafa Al-Sayyad, Deputy Minister of Agriculture, said that committees have been sent to poultry farms for field follow-up to investigate the obstacles facing small breeders and owners of poultry farms (fattening or table egg production) that have stopped or whose owners wish to raise their efficiency, convert them from an open breeding system to a closed system, increase their production capacity and improve the economic return to conduct the necessary technical studies and send them to the bank to finance them with 5% soft loans in implementation of the Minister’s directives to renew the licenses of the stopped farms and investigate their problems. Read also: “Livestock”: The state finances the national project for broilers with 9 billion pounds Al-Sayyad added that the ministry has taken many measures to control the prices of broilers and table eggs in the markets, and this has been reflected in the decline and stability of chicken prices, as well as a decline in ...

Source: Akhbarelyom