Monday, January 7, 2008

Our economic losses because of H5N1

This is not health related but economic related

Egypt had lost in the first week in January 2008 about 70 million Egyptian Pounds because of poultry that is 10 million E.P per day , the losses will increase with the increase of the infected zones across Egypt.

The Poultry Stock Market in Egypt estimated that by the end of the month Egypt will lose about 300 million E.P !!

The Poultry Stock Market is the responsible for marketing and selling poultry to the Governates in Egypt , it is Qalyubia . according to it, the price decreased from 4,50 to 3,00 E.P per kilo and it will decrease more and more

Already the Market also reported an alarming trend , the farmers ,raisers and merchants are selling the poultry with low prices to get rid from the quantity they have before the virus would reach their farms and this is why our chicken seller is calling my mom for two days trying to convince her to buy chicken

I just hate all those millions loses because here we are talking about classes of people who are really need this money

Of course I do not like to remind that we are the third exporter worldwide for white chicken now we are proud importers !!

We are not talking about large companies supported by the NDP business men here ,these will not lose anything on the contrary search for the profit they take this time

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