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Head of the Poultry Division in Egypt: Increased production costs during the winter.
Dr. Abdel Aziz Al-Sayed, Head of the Poultry Division, reported that poultry prices fell by 6 pounds, after the decline in feed prices. Chicken prices have now reached an average of 61 to 62 pounds.
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The dollar is heading towards the low point in about two weeks before US inflation data comes out.
The dollar is trading near two-week lows, and Fed policymakers are taking a dovish stance. An increase in bond yields could lead to a tightening of monetary policy.
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