Egypt: Dairy Division in Damietta commits 400 manufacturers and suppliers to deliver at fair price

Published Jan 6, 2023

Tridge summary

The Dairy Division in Damietta, along with local dairy suppliers and factories, has set the maximum supply price for cow and buffalo milk at 11.5 and 15 pounds per kilo, respectively, to prevent price speculation and disputes. The prices may be revised in mid-January 2023, with the aim to provide fair pricing and improve market stability. The government is also investing in the development of the dairy sector, including dairy centers, manufacturers, and farms, and is considering an additional EGP 10 billion funding for livestock at low interest rates. The government's efforts include setting up 826 milk collection centers to ensure the provision of healthy and safe food for citizens, with plans to increase dairy production for economic benefits.

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

Original content

The Dairy Division in Damietta agreed with a number of dairy suppliers and factories in the governorates of Damietta and Dakahlia, that the highest supply price inside the factory for a kilo of cow milk would be 11.5 versus 12.5 pounds, and 15 versus 17 pounds for an average kilo of buffalo milk, depending on the variety, as a maximum price. Muhammad Abbas Gohar, deputy head of the division in Damietta, said that the division met at the end of last week with about 15 factories representing the Dakahlia governorate and a number of dairy suppliers to prevent speculations and disputes that result in an increase in dairy prices. Jawhar pointed out exclusive statements to Al-Mal that during the meeting, about 400 factories and suppliers were obligated to deliver to dairy-producing factories after the division saw that this is the fair price in the current period. He pointed out that the division will review the price of dairy again in mid-January 2023, and it is expected that the price ...

Source: Almalnews