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Digital platforms reduce poultry price fluctuations
Abdulaziz El-Sayed, head of the Poultry Division at the General Federation of Chambers of Commerce, stated that transforming the system of selling live chickens into frozen chicken sales could help eliminate the randomness in pricing at the poultry exchange. This shift would allow for the utilization of older products and increase quantities to meet the growing population. He pointed out that Ramadan saw a 30% increase in production, and that markets are suffering from declining demand and confusion due to the lack of organized regulations, along with detected practices of speculation outside the official system. He emphasized the importance of integrating digital platforms with the official poultry exchange to ensure fair prices and facilitate export.
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