Statement from (MPCO.CA) regarding the impact of the increase in feed prices
With reference to the rise in feed prices and their impact on the company.
We inform you that at the level of Mansoura Poultry Company, fortunately, the company manufactures feed for its production, which has reduced the impact on the company's operation.
But the operating cost has been affected by the high prices of corn and soy, the main components of feed manufacturing.
Since the business results are affected by the average prices of the purchase process during each quarter, the company is still in the stage of calculating the impact of this crisis on its business results, which will appear in the business results of the fourth quarter, as the crisis reached its climax during the past two weeks.