At 03:58 PM on Thursday, March 23, 2023, Abdel-Sayed, head of the poultry division at the Cairo Chamber of Commerce, announced that the price of a kilo of white poultry had decreased by 5 pounds compared to last week’s prices. The price fell to 67 pounds at the farm and is expected to be sold at a price ranging from 74 to 75 pounds in the markets to the consumer. The decrease in demand during the week before Ramadan caused the price drop following it had previously risen to record levels. The price of a carton of eggs also decreased, ranging between 94 and 102 pounds, compared to 104 pounds last week, and it is expected to be sold between 100 and 110 pounds in the market. The price of chicks also gradually decreased to between 13 and 14 pounds compared to 18 pounds. The increase in feed prices and import crisis caused a shortage in the supply of poultry and eggs, leading to a significant jump in their prices. Despite Egypt producing regarding 1.6 billion birds yearly and achieving self-sufficiency by roughly 95%, the gap between production and consumption does not exceed 5%.
03:58 PM
Thursday, March 23, 2023
I wrote – Sherine Salah:
Abdel-Sayed, head of the poultry division at the Cairo Chamber of Commerce, told Masrawy that the price of a kilo of white poultry decreased by 5 pounds today, Thursday, compared to last week’s prices.
Al-Sayed added that the price of a kilo of white poultry decreased at the farm to 67 pounds today, Thursday, compared to 72 pounds last week, to be sold at a price ranging between 74 and 75 pounds in the markets to the consumer.
Al-Sayed explained that the demand for buying decreased during the week before Ramadan, following it rose to record levels following the jump in feed.
The price of a carton of eggs at the farm also decreased, to record between 94 and 102 pounds, compared to 104 pounds last week, to be sold in the market between 100 and 110 pounds.
The price of the chick gradually decreased between 13 and 14 pounds, compared to 18 pounds, according to the division.
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.
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.
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Poultry prices in the market fall once more on the first day of Ramadan
In conclusion, the decrease in the price of white poultry and eggs comes as a relief for consumers who were burdened with high prices due to the import crisis and feed price increase. However, the demand for buying has decreased before Ramadan, which may affect the poultry industry. The data shows that Egypt is producing enough poultry to achieve self-sufficiency, but there is a need for more stability in the market to ensure a steady supply and stable prices. We hope that the situation improves in the upcoming weeks and that consumers can enjoy affordable and healthy food during the fasting month.