Friday, July 22, 2011

Kenya poultry sales drop, production costs rise

Kenya farmers are reducing orders for day-old chicks as poultry production costs rise, impacting hatcheries and overall poultry farming in the industry, according to reports.Kenya-based Kenchic Limited has seen its day-old chick sales decrease by 50%, according to a company spokesperson. Investors overall are cutting back, leading to a reduced supply of chicken and eggs in the Sh 5 billion (US$55.5 million) industry.
The price of maize went up in February, March and June, bring the production cost per chicken from Sh 180 (US$2.00) to Sh 250 (US$2.78). The Kenyan government is currently allowing the importation of cheaper maize to try to offset price increases and revitalize the industry.

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