Egypt sees a massive drop in egg prices

birds, the country is expected to grow around 1.6 million heads of chicken, El-Sayed said. “We consume 4.5 million chickens and 40 million eggs daily, and 89% of poultry production comes from the private sector,” El-Zeiny said. Poultry and egg prices are expected to decline further, as current production levels are sufficient to meet domestic demand. However, the drop in prices, though beneficial for consumers, discourages farmers. According to Abdel Aziz El-Sayed, head of the poultry division at the Cairo Chamber of Commerce, the average farmgate broiler meat price stands at EGP 61 (EUR 1.1) per kg, which is below production costs. Poultry prices are not high enough to cover operational costs, due to the weak purchasing power of the Egyptian population, which in turn hampers demand. Against this background, Egyptian poultry farmers call on the government to scale up support to the industry. El-Zeiny called the General Authority for Supply Commodities, a government agency, to ...