The Egyptian government has set aside $ 44 million each week to import soy feed and another $ 44 million to import corn feed to preserve the riches of the poultry following an emergency meeting today, Sunday.
The early adopters of social networking sites in Egypt recently distributed films showing young poultry “chicks” being executed on some farms due to a lack of feed, thinking it a calamity that jeopardises the nation’s poultry industry.
Dr.
The prime minister, Mustafa Madbouly, stated that the government is trying to support all industries, including the poultry industry, and that cooperation has been established with the central bank to expedite the production of the most feed.
Nobody knows how long this current battle will go, and this crisis is the result of the bad effects of the global financial crisis, which harmed many items and other products in addition to the feed used in this business.
Approximately 7 million tonnes of grain and soybeans are imported into Egypt, he continued, highlighting the fact that the government helps the poultry industry by offering numerous tax breaks.
“Shipping of 35 million dollars has been released recently for corn feed, coupled with $ 15 million for soybean feed,” he stated.
About 100 billion pounds worth of investments have been made in Egypt’s poultry industry, which employs 3 million people in 38,000 facilities for poultry farms, fodder, and massacres.
Together with the rural sector, which produces around 320 chickens, the commercial industry in Egypt produces 1. 4 billion birds.
According to information provided by the Union of Poultry Producers, chick prices dropped throughout the most recent time period, reaching two pounds as opposed to the six pounds they were before the crisis.
It is important to note that Dr.
Hisham Hussein, Secretary of the Suggestions and Complaints Committee in the House of Representatives, submitted a briefing request to the government represented in the ministries of Trade and Industry and Agriculture, to determine the reasons for the unprecedented rise in feed prices and the consequent high prices of eggs.
According to Hussein, only yellow corn has the facilities for the release of some feed derivatives, while the remainder of the feed derivatives are subject to customs restrictions.
He emphasised that the decision of the former central bank, Tariq Amer, to follow the documentary accreditation system from banks to release import messages rather than the collection speeches system, which caused the disruption of many Shipping in entering Egypt, was the reason why the Egyptian authorities failed to release significant amounts imported from the feed.
44 million dollars per week are needed to import feed and prevent the demise of the poultry industry.
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