'Pakistan's poultry sector facing bankruptcy threat'

LAHORE: Pakistan Poultry Association vice-chairman (North Zone) Muhammad Fargham has said that the country’s poultry sector is being hit severely by various issues and as a result, nearly half of the industry is on the verge of bankruptcy.

“During the last two years there has been a gradual increase in the input cost of poultry production,” said Fargham, during a press conference on Saturday.

He further stated that this recent escalation in input cost has rendered this business unprofitable for the last one year. It has been observed as the industry is passing through a period of heavy financial losses and needs urgent attention to take notice of the prevailing situation. Being a perishable commodity, farmers are not able to transfer this hike in price to the consumer as the prices are determined by supply-demand basis. This high cost of production is also the main detriment in the export of poultry products.

“Farmers have lost heavily during the last two years Most of the farmers have lost their entire working capital and are at the verge of bankruptcy and if any relief package is not given to the farmers at this stage it will result into the closure of 50% of farms.”

Published in The Express Tribune, March 1^st, 2020.

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