Egypt: 40% of butcher shops closed due to the decrease in purchasing power to 70%

Published 2024년 2월 23일

Tridge summary

Haitham Abdel Basset, head of the butchers division at the General Federation of Chambers of Commerce in Egypt, has criticised breeders for increasing meat prices, leading to a 70% decline in purchasing power and causing 40% of butcher shops to close or change their business. He has urged officials to negotiate with major importers to set a profit margin that does not exceed 30% and to enact legislation prohibiting the hanging of meat outside butcher shops. He also pointed out the inconsistency in meat prices, with imported meat from Chad, Sudan, and Djibouti being sold at significantly different prices in different outlets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Written by: Nasser Al-Gazzar Haitham Abdel Basset, head of the butchers division at the General Federation of Chambers of Commerce, said that breeders raising meat prices without taking into account the difficult economic conditions facing most Egyptian families is considered unjustified, pointing out that the reason for the rise in prices from the breeders’ point of view is the link between meat prices and the rise in prices. The price of the dollar in the parallel market. Follow us on Al Falah Channel today Follow us on Al-Falah Today Facebook page Abdel Basset revealed, during statements to the “Kol Al-Zawya” program broadcast on the “ONE” screen on Thursday evening, that the rise in meat prices reflected a decline in purchasing power in the market by 70% in some areas, which prompted 40% of butcher shop owners to close their shops or change their activities. He added that “70% of butchers now no longer have purchasing power.” The head of the butchers division called on the ...

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