The Zambian poultry industry is likely to decline further in 2010, Richard Keeley of Lusaka-based Hybrid Poultry told Zambia’s The Post newspaper.
Keeley, Hybrid’s managing director, said Zambia’s poultry sector performance dropped 25% this year. He added that banks’ reduced willingness to make loans for expansion and Zambians’ smaller disposable incomes could continue to hamper the industry.
In addition, the cost of raising birds has gone up significantly. Keeley said feed prices have fallen about 40% since January, but prices are still 40% to 55% higher than they were before the economic crisis.
