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Egypt: Fish prices reach their peak, and it is expected to decline by about 15% in the coming days

Egypt
Published Apr 24, 2022

Tridge summary

Abdo Othman, Deputy Head of the Fish Division at the Cairo Chamber of Commerce, said that fish prices have reached their maximum rise in the markets during the current period, and are expected to decline in the coming days by between 10% to 15%, as a result of the increase in supply with the entry into the summer. He explained that fish prices witnessed an average increase of about 20% during the last two weeks, pointing to an increase of 30-35% in fish prices compared to the corresponding period of last year, as a result of the high cost and the increase in feed prices affected by the Russian war.

Original content

Abdo Othman, Deputy Head of the Fish Division at the Cairo Chamber of Commerce, said that fish prices have reached their maximum rise in the markets during the current period, and are expected to decline in the coming days by between 10% to 15%, as a result of the increase in supply with the entry into the summer. He explained that fish prices witnessed an average increase of about 20% during the last two weeks, pointing to an increase of 30-35% in fish prices compared to the corresponding period of last year, as a result of the high cost and the increase in feed prices affected by the Russian-Ukrainian war, which was reflected in various commodity prices. Othman attributed the increase in prices also to the decline in fish production during the winter season, which raises their prices, especially with the approach of the Sham El-Nessim season, which usually witnesses an increase in demand, expecting an increase in production with the advent of summer. Read ...
Source: Amwalalghad
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