Egypt: Why did the government put imported frozen chicken on the local market?

Published 2023년 2월 23일

Tridge summary

The government of Egypt has imported 50,000 tons of frozen chicken from Brazil to address the issue of high poultry prices in the local market. The chicken will be sold at cost, rather than for profit. Brazil is the world's largest exporter of poultry, with exports valued at $8.5 billion in 2022, accounting for 21% of global poultry exports. The imported chicken will be available in the market for voluntary purchase.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ambassador Nader Saad, the official spokesman for the Council of Ministers, confirmed that the government's import of frozen chicken will not be for the purpose of profit, but rather to fill the deficit, as the General Authority for Supply Commodities and state-affiliated holding companies have imported 50,000 tons of poultry from Brazil to put it at cost in the local market to solve the crisis of high prices. Poultry prices in the market. Saad said - in televised statements - that the frozen chickens were imported from the number 1 country in the world that exports poultry to the European Union, which is strict in the procedures of imported goods for its markets. Saad added that Brazil's exports of frozen chickens are equivalent to 21% of the world's poultry exports, with a value of $8.5 billion in 2022. Saad confirmed that the government introduced imported frozen chicken in the local market, which is a commodity that is not sold by force, saying: “It is available in the market. ...
Source: Almalnews

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