Zakaria Abdulrahman explains the challenges of the feed industry
2023-08-30 15:15:08
Zakaria Abdulaziz, owner of Al Noor and Al Baraka feed factory
Global inflation, not domestic, is the cause of all the problems the industry is facing
Mr. Zakaria Abdul Rahman, chairman of the board of Directors of Al Noor and Al Baraka feed factory, pointed out that the biggest challenge facing US currently is global inflation, noting
That a ton of corn from 4 years ago, when the dollar price was 18 pounds, the price of a ton of feed was 3000 pounds, now after 4 years the dollar price is 18 pounds
While the price of a ton of corn jumped to 8,000 pounds mainly due to the Russian-Ukrainian war and the corona crisis before it
What made the world prices rise in the majority of imported goods, including, of course, raw material inputs that enter the feed industry
Such as yellow corn and soybeans , and the price of a barrel of oil, which was the price of 40 dollars, became 120 dollars, which led to a negative impact on sales due to the rise in poultry prices on the citizen
Comments
Add comment