30% of small poultry farmers shut down on USD shortages
Poultry farms have been lately struggling due to a 20-25% increase in costs from a higher EGP/USD exchange rate, which drove 30% of small-sized poultry operators to close their farms until matters stabilise., according to the Chairman of the Egyptian Poultry association. Small farms contribute to c80% of Egypt’s poultry production and their closure poses a threat to Egypt’s annual poultry production levels, he added.(Al Borsa)
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