The Clap
A couple of EGX-listed companies have spoken up about the recent rise in chicken feedstock prices due to supply chain disruptions.
Cairo Poultry
Cairo Poultry (POUL) said it’s difficult to currently identify the effects since numerous factors go into the production of feedstock.
The company expects the effects to reflect in Q4’s earnings results.
Mansourah Poultry
Mansourah Poultry (MPCO) said it has the capacity to produce its own feedstock, & therefore isn’t heavily affected by the rising prices.
They are however suffering from rising prices for corn & soybean, two ingredients that go into producing chicken feed.
MPCO also expects the effects to show up in Q4 earnings.
Now what
The Prime Minister is meeting with the Minister of Agriculture and Land Reclamation to explore solutions to this issue.
