Poultry Division explains the reasons for the decline in egg prices in the markets of Egypt

Published 2024년 12월 4일

Tridge summary

Abdel Aziz El Sayed, head of the Poultry Division at the Cairo Chamber of Commerce, reported a decrease in egg prices in Egypt, with trays now costing EGP 150, down from EGP 175. This price drop results from agreements between the Poultry Producers Union, the Ministry of Agriculture, and the Ministry of Supply to offer eggs at reduced prices in commercial chains and supply them at EGP 140 per carton. The initiative aims to stabilize prices and make eggs more affordable. Prices for white eggs range from EGP 137 to 150, and red eggs from EGP 142 to 155. Limited egg imports from Turkey have influenced local producers to lower prices. Stable feed prices currently support these low prices, but potential feed cost increases could lead to future price hikes, necessitating ongoing market monitoring to ensure fair pricing for consumers and producers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Written by - Dina Karam: Abdel Aziz El Sayed, head of the Poultry Division at the Cairo Chamber of Commerce, told Masrawy that egg prices have recently decreased in the local market, after reaching EGP 175 per carton of eggs, to currently record EGP 150 per tray. El Sayed added that the reasons for the beginning of the decrease in eggs in the markets came with several steps, such as the agreement of the Poultry Producers Union with the Ministry of Agriculture to offer the egg tray in a number of commercial chains at EGP 150 per carton, as it came in the interest of the consumer, and an attempt to provide the commodity at an appropriate price after the recent wave of increases. He pointed out that the Poultry Producers Union, in agreement with the Ministry of Supply, represented by the Holding Company for Food Industries, to supply quantities of eggs at prices that are about EGP 10 less than the prevailing prices, as according to the agreement, the price of a carton of eggs was set ...
Source: EGmasrawy

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