12:33 p.m
Friday, March 15, 2024
Books – Hassan Morsi:
Abdulaziz Al-Sayed, Head of the Poultry Division, reported that there is an increase in poultry prices despite the decrease in the cost of feed, attributing the reason to the absence of effective regulation of markets, pointing to the need to establish a stock exchange that sets prices based on real costs.
During a telephone interview on the “Decision Makers” program presented by Shadi Al-Zayat on “Sada El Balad” channel, Al-Sayed mentioned that the emergence of new diseases among poultry has resulted in an increase in the mortality rate, which represents a cost burden on breeders.
He added that the government is making positive moves to control the epidemic, stressing that there are plans to produce a vaccine against the new virus in the near future.
He pointed out that banks have begun to provide dollars, which contributes to securing production requirements. He pointed out that merchants were importing feed at high prices when the price of the dollar reached 62 pounds in the parallel market, but with its decline now to 50 pounds, it is expected that this will have a positive impact on the cost of feed and this should be reflected in poultry prices.
Finally, Al-Sayed explained that poultry prices remained stable despite the decline in feed prices due to the new epidemic, expecting prices to stabilize during the next two or three weeks.
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