2024-02-28 20:22:00
In light of the approaching month of Ramadan 2024, the meat market in the country is witnessing a noticeable stability in prices, thanks to the decline in the price of feed and the noticeable improvement in the currency market.
It is known that the month of Ramadan witnesses a great demand for meat, which makes searching for its prices a common thing among citizens.
The impact of the decline in the price of the dollar and the Ras El Hekma project on meat prices
Meat prices before Ramadan were affected by the decline in the price of the dollar once morest the Egyptian pound, as these prices witnessed a noticeable decline following the government announced the “Ras Al-Hikma” project and the entry of large sums of money into the Central Bank.
According to statements by Abu Saddam, head of the Agricultural Syndicate, livestock prices recorded a decrease of up to 5,000 pounds per head.
Meat prices in the markets
Looking at the latest prices announced on the Council of Ministers’ Local and International Commodities Portal website, meat prices vary according to regions and governorates depending on the demand for purchases. Below are details of some types of meat and their prices:
Kanduz meat
- GreatThe price of a kilo of large meat ranges between 250 and 400 pounds, with an average price of 328.5 pounds.
- LittleThe price of a kilo of small meat ranges between 280 and 480 pounds, with an average price of 398.75 pounds.
Mutton
- bonelessThe price of a kilo of lamb ranges between 280 and 500 pounds, with an average price of regarding 418 pounds.
- With boneThe price of a kilo of lamb with bones ranges between 280 and 460 pounds, with an average price of 378.46 pounds.
Veal meat
- With boneThe price of a kilo of veal meat with bones ranges between 275 and 500 pounds, and the average price is regarding 365 pounds.
- bonelessThe price of a kilo of boneless veal meat ranges between 280 and 500 pounds.
Expectations of lower prices
The head of the Agricultural Syndicate expected that the meat market would witness an additional decline in prices before the month of Ramadan approached, following the price of the dollar fell on the black market, as a result of the agreement between Egypt and the Emirates regarding the development of the city of “Ras El Hekma.” It is expected that red meat prices will decline by regarding 20%, and that the prices of imported beef will reach a range between 170 and 230 pounds per kilo.
Meat prices in Egypt are trending toward stability and decline, which reflects confidence in the local economy and reinforces positive expectations for Ramadan 2024. Continuous monitoring of meat prices and following economic developments remains essential to maintain stability and ensure the provision of affordable meat to citizens.
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