Egypt: Chicken prices decreased by 9 pounds, after importing 100,000 tons

Published 2023년 2월 24일

Tridge summary

The article highlights a significant decrease in poultry prices in Egypt, with the price per kilo dropping from 80 pounds to 71 pounds for farm land delivery, as reported by Sameh Al-Sayed, the head of the Poultry Division at the Chamber of Commerce. This price drop is attributed to the market introduction of 100,000 tons of frozen poultry imports from Brazil, which are priced at least 30% lower than local poultry. This initiative is part of government efforts to control poultry prices after a recent increase, ensuring that a kilo is not traded above 95 pounds for the consumer. There are expectations for further price drops leading up to the holy month of Ramadan in March, with plans to introduce large quantities of imported poultry across various outlets and exhibitions to stabilize local poultry prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sameh Al-Sayed, head of the Poultry Division at the Chamber of Commerce, revealed a decline in poultry prices for farm land delivery from levels of 80 pounds per kilo to 71 pounds for delivery today, expecting a further decline during the next few days, which will be reflected in the final price for the consumer. Sameh Al-Sayed, head of the Poultry Division at the Chamber of Commerce, added that the drop in prices came after putting 100,000 tons of frozen poultry on the market, imported from Brazil, which is less than its counterparts in the market by more than 30%, indicating that these quantities are offered at the outlets of government agencies, including those of the Ministry of Supply. . He added, in statements to "The Seventh Day", that the offered weights of frozen poultry start from one kilo and reach 1.5 kilos, within the framework of government policies that aim to control the price movement of chickens after their recent price hike, so that a kilo is traded above 95 ...
Source: Youm7

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