Things aren’t getting easier for Egypt’s poultry companies

The poultry crisis is getting attention in the foreign press this morning: The country’s chicken production has fallen by around half since last October to 60-70 mn birds per month on the back of the rising cost of imported feed, Reutersreports. The FX crunch, the currency devaluation, and import difficulties have seen feed prices double since last September, according to the news outlet. “There's no stability in feed prices,” said one farmer who has been forced to shut down five of the twelve chicken farms he manages in Fayoum.