Wednesday 04 Dec
Engineer Moustafa Al-Sayyad, Deputy Minister of Agriculture and Land Reclamation, announced that committees have been dispatched to poultry farms to implement the minister's directives. These directives aim to assist small-scale poultry farmers and owners of broiler or table egg farms that have been halted or seek to improve their operations. The goal is to transition to closed rearing systems, increase production, and enhance economic returns. Necessary technical studies will be conducted and submitted to banks for financing through soft loans with a 5% interest rate.
This announcement follows a meeting held by Minister of Agriculture Alaa Farouk with poultry farm owners and producers, along with representatives from the Agricultural Bank and the Poultry Producers Union. The meeting aimed to renew licenses for halted farms and address their challenges.
Al-Sayyad added that the ministry has taken steps to stabilize
broiler chicken and table egg prices in the market. These measures have led to
a decline and stabilization of chicken prices, as well as a 20% decrease in
table egg prices. He expects further price reductions in the future,
particularly after recording higher occupancy rates in poultry farms due to
lower chick prices and more affordable feed. Feed accounts for approximately
70% of total operating expenses and production costs.
Sami Abdel-Sadek, Acting Chairman of the Board of Directors
of the Egyptian Agricultural Bank, announced an agreement with the Ministry of
Agriculture to finance equipment for poultry farms. This financing will improve
efficiency and increase production capacity. Additionally, soft loans will be
provided for operating expenses, including purchasing chicks, feed,
medications, and vaccinations, for both broiler and table egg production farms.
Dr. Tareq Suleiman, Head of the Livestock and Poultry Development Sector, stated that the sector is closely monitoring poultry farm owners to ensure the implementation of the Minister of Agriculture's directives from the recent meeting with poultry producers. The aim is to address the challenges faced by farm owners, restart halted farms, and increase the operation of existing farms through soft loans with a 5% decreasing interest rate.
