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Egypt - Uproar from poultry industry as Cabinet suddenly abolishes tariffs on imports, domestic prices drop 50% - December 3, 2016 - PM revokes tariff suspension Dec 5

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  • Egypt - Uproar from poultry industry as Cabinet suddenly abolishes tariffs on imports, domestic prices drop 50% - December 3, 2016 - PM revokes tariff suspension Dec 5

    Broiler prices continue to decline .. and day old record of 1.5 pounds

    2 hours ago Selim Hassan Commentson chicks prices continue to decline .. and day old record of 1.5 pounds Closed



    Slave: exit educators threatens down the supply of poultry and higher prices
    chicks prices continueddecline forsecond consecutive week after some educators refrain from startingnew breeding cycles, resulting from fears ofCabinet decisionabolish customs duties on imports of poultry , which threatensdomestic industry, according toopinionsspecialists.
    Prices have fallen chicks, Saturday, to between pounds and pounds and a half after the decline of 50% last weekend to settle on Thursday at 2 and 2.5 pounds, having ranged between 4.5 and 5.5 pounds, along November.
    Anwar al-Abed, head of Al-Ahram Poultry Co., said that producers refrain from entering into a new breeding cycles cause a drop in the supply of poultry, which puts the market at great risk in the future would cause an increase in prices for consumers.
    He explained ?slave?, to exit producers from the market after the decision to raise the supply chicks to the companies, according to the theory of supply and demand governing poultry markets chicks prices dropped to less than the true cost.
    Charge Hussein added, marketing Kohah Poultry Company Director: ?retreat chicks sell for less than their actual cost on the prices of companies, will result in reduced production and consequently higher prices again after falling supply?.
    Charge continued: ?falling supply in turn will cause a decline in the final of poultry broiler production, and thus higher prices on consumers greatly, and in this time the state may continue to work the decision of the abolition of customs duties on imports, and thus the demise of the industry?.
    And stabilized white poultry prices at the farm at 16.5 pounds per kilo more than a week, did not change as a result of the stability of consumer demands, while poultry ?Alsaso? the prices dropped to the same price after it had been between 20 and 21 pounds per kilo due to a decline in demand for the high prices.
    Cabinet canceled midweek customs duties on imports of poultry fees, raising Aill producers direct impact on the domestic industry, and resulted in a meeting between the Union of Poultry Producers, and the Council of Ministers on Thursday, demanding the latter a note explaining the damage to the resolution on the market, the promise of the return of customs after studying the note.

    http://www.alborsanews.com/2016/12/0...%D9%85-%D9%8A/






    Last edited by sharon sanders; December 5, 2016, 10:53 AM. Reason: format

  • #2
    hat tip @Zeinobia
    BREAKING: Egypt's PM Sherif Ismail revokes decision to exempt imported poultry from customs duties



    Ahram Online , Monday 5 Dec 2016



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