The poultry and egg price increases and the breeders have incurred heavy losses in Egypt

Published Oct 12, 2021

Tridge summary

The article explains the increase in poultry and egg prices in Egypt, which is attributed to rising global costs of raw materials, feed, and transport. Engineer Mahmoud El-Anany, President of the General Federation of Poultry Producers, stated that these price increases are here to stay, with current prices considered fair. The poultry industry in Egypt requires significant investment to meet future demand and maintains a balance in the market. The article also touches on the challenge of maintaining profitability for small breeders and the need for market regulation. Exports play a role in offsetting local losses, with Egypt currently able to export to 30 epidemic-free institutions, potentially expanding to 60.

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

Original content

Written by - Shaima Hefzy: Photo: Nader Nabil: Engineer Mahmoud El-Anany, President of the General Federation of Poultry Producers, said that the prices of poultry and eggs in Egypt rose as a result of successive increases in the prices of raw materials, feed and transport globally, which compensates part of the producers' losses. An interview with "Masrawy" that export has nothing to do with the rise in prices in the local market, pointing out that producers tend to export only in the event that prices drop locally and there is a surplus of production to compensate for part of the losses. Al-Anani believes that the current prices locally are "fair" to achieve a profit margin for breeders, especially the small ones, who represent 60% of the size of the industry, which produces more than 1.6 billion chickens and 13 billion eggs annually, ruling out that prices will return to their low levels again. Al-Anani estimated the volume of investments in the poultry industries sector in ...

Source: EGmasrawy