Due to the falling in the prices of poultry many breeders were unable to pay their debts to factories. All this combination of problems left as a result “a financial blow to cash flow from factories,” says Jorge Josse, chief executive of the Association of Balanced Food Producers (Aprobal).
Quevedo poultry farmers confirm that there are complaints of members of the El Oro zone on the income of fertile eggs and BB chickens at lower prices than the local, which will eventually lead to a further fall in prices.
The result of the bankruptcy of small poultry farmers will be the market hoarding by large companies that have a financial muscle to resist. “Once they have gained the market, they will decide the prices of chickens that surely will be higher”. For now it is the opposite.
Poultry farmers from Manabi and Guayas say they are desperate, because the pound that cost 95 cents in April, May and June now costs 80 cents and it “dangerously lowers.”