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. Last Updated: 07/27/2016

Ruble Fall Hits U.S. Poultry Growers




MONTGOMERY, Alabama -- Alabama poultry growers are feeling a financial pinch after Russians cut back on their orders for chickens, leaving a glut on the global market that threatens profits.


"There are a lot of chickens on the market because foreign exports are down,'' said Franklin County grower Mike Clay. "The Russians don't have money to buy chickens.''


Johnny Adams, executive director of the Alabama Poultry and Egg Association, said it didn't take long for the Russian economy to affect Alabama's chicken growers.


"When the ruble fell they had no money to buy anything, and the export market has declined,'' Adams said.


He hopes new trade with China will fill the gap created by Russia's problems.


Poultry represents the state's largest agricultural product, accounting for 57 percent of all farm income in Alabama. The industry also employs 78,000 people and accounts for 75 percent of all state farm exports.