Egypt: Brazilian chickens prevail over local poultry in the price battle

Published 2023년 2월 25일

Tridge summary

Brazilian chickens have led to a significant price drop in locally produced white poultry in Egypt, with the price per consumer falling by about 20 pounds to 75 pounds from 95 pounds. The poultry industry in Egypt, which employs over 2.5 million workers and has investments worth about 90 billion pounds, is crucial and faces instructions from the Prime Minister to avoid excessive price increases. The Prime Minister has warned that the state will intervene if such increases continue, emphasizing the need for fair pricing of essential commodities like soybeans, corn, and fodder for the poultry industry.

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Original content

The Brazilian chickens imported by the state succeeded, during the last period, in dropping the prices of locally produced white poultry by about 20 pounds for the final consumer. Abdel Aziz Al-Sayed, head of the Poultry Division at the Cairo Chamber of Commerce, said that the prices of white poultry fell today to 75 pounds for the consumer, instead of 95 during the last period. The volume of investments of poultry farms operating in the Egyptian market is about 90 billion pounds, and more than 2.5 million workers work in the sector. The average annual domestic production of poultry is about 1.4 billion chickens, according to the statements of Mr. Al-Qaseer, Minister of Agriculture. The Prime Minister had made it clear to factory owners and chairmen of boards of directors of companies supplying “soybeans” and “corn” and fodder ingredients, that the current global conditions the country is going through does not bear exaggerated increases in the prices of essential commodities for ...

Source: Almalnews