Mozambique: Poultry sector faces $300 million loss due to post-election protests – Notícias

Login

Register

http://www.clubofmozambique.com/

Mozambique: Poultry sector faces $300 million loss due to post-election protests – Notícias

3:56 CAT | 22 Jan 2025

FILE - For illustration purposes only. [File photo: Notícias]

The national poultry sector was paralyzed for approximately two months, as a result of the violent demonstrations that followed the announcement of the results of the October 9 elections by the National Elections Commission (CNE) last year.

Preliminary data indicate that this forced shutdown generated losses in the poultry sector in the order of US$300 million nationwide.

According to Yacub Latif, vice-president of the Agribusiness, Nutrition and Food Industry Department at the Confederation of Economic Associations of Mozambique (CTA), during the protests there were difficulties in accessing raw materials, such as eggs and incubators, rendering activity impossible.

He said that the situation was worsened by the wave of vandalism and looting that many companies in the poultry sector were victims of in various parts of the country.

“The industry suffered a lot. Retailers were also affected, because at some point there was no feed for sale on the market. When there was feed, it was of questionable quality, due to the lack of some inputs. You may have noticed that live chickens in the Greater Maputo Region in December were smaller than usual,” Latif told ‘Notícias’.

Latif has no doubt that these protests will have had a negative impact on the financial health of the sector, in which context the private sector urges the rapid reaching of consensus to put an end to these events before they further weaken the country’s economy.

In their view, if the situation continues, many companies will not be able to survive and will close their doors, leading to the loss of thousands of jobs.

“If this situation continues, companies and small poultry farmers will lose much more money and some may end up closing their doors. It is necessary to stop this unrest in order for our economy to recover,” he concluded.

Source: Notícias