Egg prices today in Egypt are down 8 pounds compared to the first month of Ramadan

Published 2021년 5월 9일

Tridge summary

Egg prices in the local market have dropped by 4 pounds, reaching 28 to 29 pounds per dozen, down from 32 pounds at the start of Ramadan, according to Dr. Abdulaziz Al-Sayed, head of the domestic wealth division at the Cairo Chamber of Commerce. This decline is due to reduced demand and economic challenges faced by citizens. Despite expectations of a price increase due to higher demand for eggs during Ramadan, the market has seen a decrease in prices. Egypt, with a production capacity of one billion and 100 million birds annually and a workforce of 2.5 million in the poultry sector, has seen its egg production increase, leading to a per capita share of about 130 eggs from local farms.

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

Original content

Today, Sunday, May 9, 2021, egg prices witnessed a decline of 4 pounds in the local market. Dr. Abdulaziz Al-Sayed, head of the domestic wealth division at the Cairo Chamber of Commerce, said in special statements for tomorrow's money that egg prices are witnessing a great decline during today's trading, to record a decline of about 8 pounds compared to On the beginning of the month of Ramadan, he explained that the traders were expecting the price of eggs to rise significantly during the current period, with the expectation of an increase in the demand for eggs in light of the smell of the breeze and the readiness to make cakes and biscuits, but the opposite happened, as the market is witnessing further decline during the current period, which means a decline in demand and weak strength. Purchasing by citizens and the economic decline of citizens, with the high temperature, the month of Ramadan, and the suspension of studies. He pointed out that the price of eggs decreased to 24 ...

Source: Amwalalghad