12:04 AM Tuesday, February 06, 2024
Poultry prices
Written by Dalia Al-Dhanini:
Dr. Tharwat El-Zeini, Vice President of the General Union of Poultry Producers, commented on the decline in raw materials and feed prices and the timing of their impact on prices, saying: “Indeed, we have begun to witness declines in feed prices by 4 thousand pounds for soybeans and 1000-1500 pounds for corn, directly affected by the dollar exchange rate.”
He explained that feed is the main component of the production process in poultry, amounting to 75%, while the remaining percentage is related to medicines, supplements and vaccines, indicating that the poultry commodity is a living commodity and cannot be stored or monopolized, whether in poultry or eggs.
Al-Zeini added, during an intervention on the “One Last Word” program presented by media personality Lamis Al-Hadidi on ON satellite channel, that the price decline process comes after three conditions have been met, which are the continued decline of the dollar exchange rate on the black market, the availability of the dollar, and the reassurance of poultry farmers, synonymous with: “ The decline in prices depends on the continued decline, and with each cycle it takes time with reassurance of stability in the exchange rate, and that the decline is continuous and the availability of the dollar, because it is available outside the banking framework, because the black market leads to distortions and fluctuations.
He stressed that if the previous factors are achieved, it may take a period of between 35-40 days for prices to decline with the continuation of production cycles, especially since poultry is a strategic commodity and is the primary source of protein, and with the rise in red meat prices, poultry represents a source for citizens.
He continued: “The coming period depends on the availability of fodder at appropriate prices, and today there was a promise from banks to provide dollars.”
He pointed out that the current prices of poultry do not satisfy the Poultry Producers Union, commenting: “We are not satisfied with the prices because they are beyond the citizen’s capacity, but unfortunately the cost of raw materials such as feed, vaccines and medicines has increased by 300% over the past months, and feed represents 75% of the cost and is evidenced by Fluctuations and rises.
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