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Poultry sector seeks 8% financing support
The poultry industry in Egypt is suffering significant losses due to a roughly 20% increase in local production and a decline in demand, which has led to a 39% drop in prices this year. The price per kilogram has fallen to between 55 and 60 Egyptian pounds, compared to 90 pounds at the start of the year. Producer associations are seeking cash support and easily accessible financing facilities at an 8% interest rate from the government, aiming to support the operation of new production cycles and boost exports—especially as production rises and demand falls. They view export as a means to balance the market and enhance international competitiveness. Additionally, the government is considering reactivating previous financial initiatives to strengthen the sector, with the goal of preserving producers and avoiding a shortage in the domestic market by supporting exports and expanding foreign markets.
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