Egypt: The increase in demand raises the prices of salted fish and herring during the week of Sham al-Nessim and Eid al-Fitr

Published 2023년 4월 17일

Tridge summary

The prices of salted fish, specifically fesikh and herring, have increased in Egypt due to heightened demand during Sham El-Nessim and Eid al-Fitr celebrations, with fesikh now costing between 255 and 300 pounds per kilo, up from 250 pounds last week, and herring ranging from 80 to 90 pounds per kilo in bulk, a rise from 60 to 80 pounds sold retail last week. The price of mullet fish, used in fesikh, has also surged to 120 pounds per kilo from 60 pounds last year, and herring prices have risen due to the devaluation of the Egyptian pound, a result of the Central Bank's flexible exchange rate system adopted in October. The pound has seen a significant decline since March 2022, with the price of the dollar increasing by over 96% since last year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

I wrote – Dina Khaled: Abdo Othman, deputy head of the fish division at the Cairo Chamber of Commerce, said that the prices of salted fish - fesikh and herring - witnessed an increase in their prices during the past week, as a result of the increase in demand coinciding with Sham El-Nessim and the approach of Eid al-Fitr. Othman added that the price of a kilo of al-Fasikh ranges between 255 and 300 pounds, compared to 250 pounds a week ago, and the prices of herring increased to range between 80 and 90 pounds per kilo in bulk, compared to 60 and 80 pounds sold retail between 100 and 110 pounds per kilo. The prices of fesikh and herring witnessed a significant increase this year compared to last year’s prices, as the prices of fesikh increased due to the increase in the prices of mullet fish, as the price of a fresh kilo reached 120 pounds, compared to 60 pounds last year, according to a previous statement by Othman. Othman added that the prices of herring increased in the markets ...
Source: EGmasrawy

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