Egyptian companies are executing thousands of chicks… and the government intervenes urgently

Tharwat El-Zeyni, vice president of the Egyptian Poultry Union, said there is no demand from breeders to buy chickens, so they have not been sold for 4 days.

Al-Zaini stressed that cases of chicken executions are still ongoing, noting that the situation has escalated with thousands of chickens being executed daily by companies, not just individuals.

The deputy head of the Union of Poultry Breeders explained that the shootings were due to high feed prices after the black market manipulated prices, noting that there were very few feed releases.

Al-Zaini emphasized that the Egyptian poultry market needs about 900,000 tons of feed per month, and the volumes released are much less than this number, explaining that the increase in egg prices over the past two days was due to a lack of feed.

For his part, Egyptian Prime Minister Mostafa Madbouli emphasized in his speech on the food crisis in the country: “The state will not accept the continuation of these conditions … This is an exaggerated increase in the circumstances, and if this increase does not stop, the state will intervene with its mechanisms” .

He added: “We will not allow instability in the poultry industry, as this industry is very important. The Prime Minister confirmed the desire of the state in its various departments to support various industries and provide more opportunities and incentives for their growth, noting the importance of promptly agreeing on adequate and fair prices for the two commodities “soy” and “corn” and fodder in general.

Source: Cairo 24+RT