Posted on: Friday, May 12, 2023 – 8:38 AM | Last update: Friday, May 12, 2023 – 4:57 PM
Dr. Tharwat Al-Zeini, head of the General Federation of Poultry Producers, revealed that the volume of investment in the poultry sector exceeded 100 billion pounds, at the old pound price.
He added, during a telephone interview with him on the “Al-Masry Effendi” program, presented by the journalist Muhammad Ali Khair, and broadcast on the “Al-Mehwar” channel, on Thursday evening, that Egypt has achieved self-sufficiency in poultry and eggs that we did not import since the eighties.
He stressed that in light of the recent changes and the high prices of red meat in recent days, poultry has become the first protein of the Egyptian family.
He pointed out that the poultry industry in Egypt is one of the labour-intensive industries, with huge investments and has been exposed to huge unprecedented challenges since its inception, expressing his welcome to the government’s release of fodder in a way that makes the breeder feel reassured during the production cycles.
He pointed out that there are still price distortions, indicating that the price of a ton of soy is 39 thousand pounds, while its cost, according to the new currency price, is 21 thousand pounds, and therefore the breeder is the one who bears the difference in the price, along with the consumer.
He pointed out that the poultry industry has had Arab and Gulf investments since the eighties, explaining that the industry has doubled from 2010 to 2020 by 80%.
And he added that it is required to double production by 2030 to two billion chickens, due to the increase in population growth and the increase in demand for poultry, stressing that the Egyptian market is large and attractive to any local or Arab investments.
And he continued, “If it were not for our self-sufficiency in poultry, the price of red meat would have been completely second-hand,” as he put it.