Egypt: A jump in the prices of fesikh and herring and a weak turnout in the Sham El-Nessim season

I wrote – Dina Khaled: Abdo Othman, deputy head of the fish department at the Cairo Chamber of Commerce, said that the prices of salted fish - fesikh and herring - have increased by up to 65% compared to their levels last year. Othman added that the price of a kilo of al-Fasikh was recorded this year at about 250 pounds per kilo, compared to 150 pounds last year, and the prices of herring increased to range between 60 and 80 pounds, compared to 40 and 60 pounds. Othman attributed the rise in the prices of al-Fasikh to the increase in the price of mullet fish, as the price per kilo of fresh fish reached 120 pounds, compared to 60 pounds last year. Othman added that the prices of herring increased in the markets as a result of the increase in the prices of herring after the devaluation of the pound, as it is imported from abroad from countries such as the Netherlands. The Central Bank of Egypt announced, in late October, the adoption of a flexible exchange rate system through which ...