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1 April, 2020 00:00 00 AM
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COVID-19 outbreak

Poultry industry hit hard

Staff Reporter, Dhaka
Poultry industry hit hard

The poultry industry is set to face an estimated loss of Tk. 1,150 crore by April 5. Continuous fluctuation in the prices of poultry and problems relating to marketing due to shortage of vehicles have led to a massive loss for both farmers and entrepreneurs, according to a press statement issued by the Bangladesh Poultry Industries Central Council (BPICC) yesterday.

BPICC president Moshiur Rahman said: “The presence of customers in both stock and retail markets has reduced significantly following the government’s decision to avoid public gatherings to stop the spread of COVID-19. Although the prices of items like rice, pulses, and oil have risen, the price of poultry has declined drastically.” “Along with poultry meat, the prices of eggs and pullets have also plunged. A pullet is now being sold at Tk. 1 per piece, whereas its production cost is nearly Tk. 35.”

“The production of poultry and fish feed has declined by 70–75 per cent because of the crisis in the supply of raw materials,” he also said. “The selling of processed poultry products has dipped by 95 per cent. The poultry industry is now on the brink of a disaster,” he further said.  “As per our calculation, the poultry industry will face a huge loss of estimated Tk. 1,150 crore by April 5. If the situation continues for another week, the losses will be Tk. 1,650 crore. There is a possibility of losing Tk. 100 crore per day if the situation worsens further,” he added.

 The BPICC press statement said: “The production cost of an egg is Tk. 5.50, but it is now being sold for Tk 4.20. The daily production of eggs in the country is 4.66 crore pieces, but 2.80 crore have remained unsold. This signals a plunge of 60 per cent in the sale of eggs.” The production cost of a one-kg chicken is Tk. 95, but now it is being sold for Tk. 60. Currently, 3,027 metric tonnes of chicken is being produced in the country. But 2,119 metric tonnes, or 70 per cent of the whole production, have remained unsold.

The production cost of per piece pullet is Tk. 35, but it is being sold for Tk. 1-3 per piece, causing a loss of 92 per cent. The weekly production of pullet is 1.87 crore, but 1.74 crore pieces  have remained unsold. “The current daily production of poultry feed is 9,863 metric tonnes. But 6,904 metric tonnes have remained unsold. This is 70 per cent of the total production,” according to the press statement.

Rakibur Rahman Tutul, president of Breeders’ Association of Bangladesh (BAB), said: “The estimated loss in breeders and hatchery industries is nearly Tk. 458 crore.”

Ehtesham B Shahjahan, president of Feed Industries’ Association of Bangladesh (FIAB), said: “Feed industries will face an estimated loss of Tk. 75 crore.”

According to a calculation of the BPICC, the loss is Tk. 503 crore in commercial poultry production, Tk. 31 crore in processed industries, and Tk. 83 crore in veterinary medicine.

The BPICC urged the government to provide help during this critical time. Their demands included exemption of interests on bank loans for the next six months, exemption of demurrage against the products which cannot be delivered immediately from the port, provide eggs and poultry to people as part of the food aid conducted by the government, and 30 per cent financial incentives to poultry and poultry-related sectors.

The BPICC asked for positive advertisement in all government and private media regarding eggs and poultry consumption as part of its endeavour to prevent COVID-19.

Meanwhile, the BPICC has lauded the government initiatives to prevent the COVID-19 outbreak.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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