Chicken Farms Suffer Losses Due to Excess Output, Price Decline

Excess production and price decline have inflicted losses amounting to 11 trillion rials ($79.13 million) on Iranian chicken farms over the past four months, the head of Iran Broiler Breeders Union’s board of directors said.
Boroumand Chahar-Aeen added that the losses are expected to reach 12 trillion rials ($86.33 million) by the end of the current fiscal year (March 19), Young Journalists Club reported.
“There is going to be a production surplus of 80,000 tons in the current Iranian month [Jan. 21-Feb. 19] as well as in the next one (Feb. 20-March 19),” he said.