Poultry Market: Price Adjustment Not Rise

Dr. Samih El-Sayed, Head of the Poultry Division at the Giza Chamber of Commerce, confirmed that what is currently occurring in the poultry market is a correction of the previous situation following significant losses incurred by producers over the past eight months, rather than a new spike in prices. The price per kilogram from the farm ranges between 75 and 85 Egyptian pounds, which is a fair price for both producers and consumers, influenced by production costs that vary between 68 and 70 pounds. Additionally, egg prices have experienced a slight correction, with a crate from the farm selling between 110 and 120 pounds, reaching consumers at around 130 pounds. He explained that the rising prices in live bird shops pose a challenge, but the government has responded to the demand for price regulation of refrigerated and frozen poultry, which will help stabilize the market. He pointed out that maintaining the previous situation would have led to a shortage of supply, especially with the decline in production from small producers, who make up 40% of the total output.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article