The time and date of the update on the average price of fresh poultry appear in a paragraph with two spans. The latest data from the Cabinet Information Center shows that the average price of poultry decreased today, Friday, to approximately 95.38 pounds, which is a decrease of 1.43 pounds. Masrawy reports this information, but notes that regional price levels may differ. The average price of white poultry fell by 7 pounds on Wednesday. Abdulaziz Al-Sayed, head of the Poultry Division at the Cairo Chamber of Commerce, previously stated that a decrease in demand prior to Ramadan led to price declines following they had previously risen due to higher feed costs. The Cabinet Prices Portal indicates the price of white poultry in Egypt starts at 78.5 pounds while municipal poultry reaches up to 119.48 pounds. Although Egypt produces over 1.6 billion birds annually, and achieves self-sufficiency of regarding 95%, feed price increases and import difficulties during prior months caused shortages of poultry and egg supplies which led to higher prices.
01:51 PM
Friday, March 24, 2023
Cairo – Masrawy:
The average price of fresh poultry declined today, Friday, in the markets, to regarding 95.38 pounds, down by 1.43 pounds, according to the latest update of the data of the local and international price portal of the Cabinet Information Center, which may differ from some price levels in some regions of the Republic.
The average price of poultry declined during yesterday’s trading, while the price of a kilo of white poultry fell 7 pounds on Wednesday.
Abdulaziz Al-Sayed, head of the Poultry Division at the Cairo Chamber of Commerce, previously explained to Masrawy that the decline in buying demand during the week before Ramadan led to a decrease in prices, following they rose to record levels following the jump in feed.
Also read: Head of the Division: A decline of 5 pounds in the price of a kilo of poultry on the first day of Ramadan
According to the Cabinet Prices Portal, the price of a kilo of white poultry in Egypt today starts at 78.5 pounds, while the price of municipal poultry reaches a maximum of 119.48 pounds.
Egypt produces regarding 1.6 billion birds annually, and this production achieves self-sufficiency by regarding 95%, and the gap between production and consumption does not exceed 5%, according to data from the Poultry Division previously.
The rise in feed prices and the import crisis during the past months caused a shortage in the supply of poultry and eggs and a significant jump in their prices.
Also read: Poultry prices in the market are falling once more on the first days of Ramadan
Overall, the decline in the average price of fresh poultry may come as a relief for consumers who have been grappling with increasing prices in recent months. The drop in buying demand before Ramadan is cited as one of the reasons behind the decrease in prices. However, it remains to be seen whether this trend will sustain itself following the holy month. As one of the top poultry producers globally, Egypt’s self-sufficiency in poultry production provides some stability in the industry. Nonetheless, the import crisis and hike in feed prices have affected the supply and price of poultry and eggs, highlighting the vulnerability of the sector to external factors. It remains to be seen how these challenges will be addressed in the long term.
