11:08 p.m
Saturday, January 21, 2023
I wrote – Dina Khaled:
The prices of fresh poultry rose in the markets during trading today, Saturday, compared to their levels yesterday, Friday, according to the data of the local and international prices portal of the Cabinet Information Center.
The average price of a kilo of fresh poultry in the latest update of the site’s data was 66.75 pounds per kilo, compared to about 65.54 pounds on Friday morning, an increase of about 1.21 pounds.
On the farms, a kilo of broiler poultry reached 57 pounds during today’s trading, compared to 56 pounds during yesterday’s trading, Thursday, according to the data of the General Federation of Poultry Producers on its Facebook page.
Poultry prices have witnessed a noticeable increase in the markets during the past days, as a result of the lack of poultry supply, after a large number of breeders left the system after the large losses they suffered as a result of the large increases in feed prices in the past period, according to producers and traders who spoke earlier to Masrawy.
Last February, the Central Bank issued a decision to stop dealing with collection documents in all import operations and to work with documentary credits instead, before returning to cancel this decision at the end of last year.
Importers and manufacturers suffered during the last period from a crisis of lack of production requirements due to the delay in opening documentary credits, and the slowness in managing currency by banks, according to importers and manufacturers who spoke earlier to Masrawy.
The feed shortage crisis during the last period, due to the problem of the accumulation of goods in ports with the dollar shortage and the application of the documentary credits system, prompted some poultry farms to cull quantities of chicks, which sparked widespread controversy prompting the government to seek quick solutions to the crisis.
Egypt produces about 1.6 billion birds annually, and this production achieves self-sufficiency by about 95%, and the gap between production and consumption does not exceed 5%, according to data from the Poultry Division previously.
