The move by the central bank to liberalise currency rates coincided with a surprise regarding fodder costs, according to Abu El-Fotouh Mabrouk, chairman of the Female Division of the Poultry Producers.
Exclusive claims made today, on Friday, by “Mabrouk” claimed that following the discharge of the feed that had been stored in the ports, the price of feed decreased by about 1,000 pounds per tonne.
He continued, noting that the cost of a tonne of feed had just risen to 17.5 thousand pounds, that the recent spike in feed prices had been a significant issue for breeders.
He emphasised that Egypt has a relative edge in poultry farming due to the prevalence of low-cost job opportunities and the availability of natural gas for the heating process.
In a separate context, he pointed out that the recommendations that the economic conference came out were all great and generous, continuing, “But within the recommendations many details want to work and a mighty effort. ”
He emphasised that one of the most crucial proposals from the economic conference has to do with encouraging exports, particularly agricultural exports.
“If we consider the activity of poultry and animal wealth, this support is good because it will attract new investors and lower the supply in the Egyptian market,” he stated. As a result, the price pulls and balances, and the increase will be absorbed without causing any harm. We can export and make us a hard currency, which is the problem that we are currently suffering from.
“There will be a positive component that will aid in employment and employment, thus in the sector that is present, it is advantageous to support exports and lure in local investors.
“This investor is able to occupy a farm for what is stable in the local market and turns into the localization of the industry and decreases import, as well as reducing the import gap,” he continued in his address.
A surprise about feed pricing is revealed by the urgent.. Female Division
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