Eight goods including poultry, sugar, and pasta saw price increases in September
In September, the prices of several food commodities experienced notable increases due to various factors such as rising production costs, increased demand, and changes in global markets. Leading these, poultry prices rose from 58 to 70 Egyptian pounds per kilogram at the farm, driven by higher demand coinciding with the start of the school year and increased prices of inputs and feed. Egg prices also surged from 70 to 110 Egyptian pounds per carton, reflecting higher production costs, including increased prices for corn and soybean meal. Additionally, wheat prices elevated from 14,000 to 16,500 Egyptian pounds per ton, influenced by rising global prices and the repercussions of the Russia-Ukraine war, which affected grain supplies. Flour prices increased by 4,000 pounds per ton, ranging between 17,000 and 21,000 pounds, due to global wheat price hikes impacting bakery product costs. Pasta prices also went up by 2 to 3 pounds per kilogram, while sugar prices increased from 25,000 to 26,000 pounds per ton, following the opening of sugar exports and increased shipping and import costs. Lastly, plant-based cheese prices increased from 5 to 50 Egyptian pounds per pack, driven by higher input costs, especially imported oils, amid the rising dollar exchange rate. These increases reflect the influence of various factors, including rising global input prices, changes in shipping markets, and international economic conditions that impact production and supply costs.
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