Egypt releases fodder stranded in ports to ease price pressure on poultry, eggs

STORY: Egypt releases fodder stranded in ports to ease price pressure on poultry, eggs DATELINE: Jan. 25, 2023 LENGTH: 0:01:05 LOCATION: Cairo CATEGORY: SOCIETY SHOTLIST: 1. Egyptian Agriculture Minister speaking 2. various of chicken farm and market STORYLINE: Egypt has released millions of tons of fodders stranded at the country's ports over the past few months, which is expected to help reduce the price pressure on poultry and eggs, the Egyptian Agricultural Ministry said on Tuesday. The ministry said the most populous Arab country released 2.1 million tons of fodders between Oct. 16, 2022 and Jan. 19, 2023, which are worth more than 1 billion U.S. dollars. In recent months, the prices of eggs and poultry, which many low-income Egyptians rely on as a source of protein instead of costly red meat, have soared in local markets amid an increase in fodder prices and other production costs. The Egyptian authorities slapped restrictions on import financing when the country faced a severe shortage o

Malaysia's ban on chicken exports takes effect

STORY: Malaysia's ban on chicken exports takes effect DATELINE: June 1, 2022 LENGTH: 00:05:00 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of morning market 2. various of chickens in cage and poultry suppliers STORYLINE: Malaysia's ban on chicken exports has taken effect as of Wednesday, aimed at stabilizing domestic supplies and alleviating shortages. Prime Minister Ismail Sabri Yaakob announced the ban on May 23 over ballooning prices of chicken and chicken products in the market and a supply shortage to local consumers. The export ban will remain in place until the situation stabilizes, allowing the Southeast Asian country to create a stock buffer. The measures, along with abolishing approved permits for imports as well as facilitating the claim process for subsidies to farmers, are aimed at shoring up the country's food security. Transactions in markets around the capital Kuala Lumpur showed sufficient chicken stocks available for sale at the set prices, which have been