Chicks prices today are declining by 6 pounds at once, as Brazilian chicks continue to be released in Egypt

Published 2023년 2월 27일

Tridge summary

Poultry companies in Egypt have experienced a decrease in chick prices due to the influx of Brazilian chicks, following the government's decision to open documentary credits for the import of 25 thousand tons of Brazilian poultry. As a result, prices for chicks have dropped across various companies. The annual production of chicks in the local market is 1.4 billion, with a market that includes nearly 2 billion chickens annually, while the production of table eggs is 13 billion annually.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Today, Monday 27-2-2023, the prices of chicks witnessed a significant decrease in the buying and selling movement during this evening’s trading in poultry companies operating in the poultry wealth sector, as a result of the continued pumping of large quantities of Brazilian chicks. The statement of Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, today at the Food Industries Conference regarding the government's direction to open documentary credits to import 25 thousand tons of Brazilian poultry, had a significant impact on increasing the decline in trading today. As the prices of chicks decreased today from 2 to 6 pounds at once, as a result of the continued offering of Brazilian chicks in consumer complexes and Welcome Ramadan exhibitions. Prices for chicks today in companies Newgen 23 pounds instead of 25 pounds Wataniya Company 24 pounds instead of 27 pounds Egypt Chicks Company 19 pounds Cairo Poultry Company 18 pounds instead of 24 pounds Turquoise Company 21 ...

Source: Almalnews