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

Published 2023년 4월 10일

Tridge summary

The article highlights a significant price surge for salted fish, including fesikh and herring, in the Egyptian market, with fesikh now costing up to 65% more than last year at 250 pounds per kilo, and herring priced between 60 and 80 pounds, up from 40 to 60 pounds. This increase is primarily due to rising mullet fish prices and the devaluation of the Egyptian pound, leading to a decline in demand for these fish during the current year. However, a potential increase in demand is anticipated during Eid al-Fitr. The article also mentions the challenges of fasting during Ramadan due to the thirst caused by eating salted fish, and provides a subscription service for notifications related to prayer times and TV shows.

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Original content

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 ...

Source: EGmasrawy