09:01 PM
Sunday, March 26, 2023
I wrote – Dina Khaled:
Sameh Al-Sayed, head of the Poultry Wealth Division at the Giza Chamber of Commerce, told Masrawy that the price of a kilo of live poultry witnessed a decline during the last week by about 10 pounds at the farm.
Al-Sayed attributed the decrease in prices to the increase in the supply of poultry after the production of new breeding cycles came out, and the pumping of Brazilian poultry in the markets, in addition to the decline in demand after families finished purchasing their poultry needs before Ramadan.
Prices of poultry and its parts in the markets
The price of a kilo of live poultry: 75 pounds (down by 10 pounds in a week).
The price of a kilo of Albania: between 140 and 160 pounds (down by 20 pounds in a week).
The price of a kilo of hips: between 80 and 85 pounds.
Price per kilo of wings: 50 pounds.
Poultry prices have witnessed significant increases in the local market during the last period, as the price per kilo jumped to 90 pounds at the farm, and the price of a kilo of dairy reached 180 pounds.
A crisis of feed shortage appeared in the market during the last period, due to the problem of the accumulation of goods in the ports with the shortage of the dollar and the application of the documentary credits system, which prompted some poultry farms to cull quantities of chicks, which sparked widespread controversy prompting the government to seek quick solutions to the crisis.
Importers and manufacturers suffered during the last period from a crisis of lack of production requirements due to the delay in opening documentary credits, and the slowness in managing currency by banks, according to importers and manufacturers who spoke earlier to Masrawy, but Dr. to nature.
Last February, the Central Bank issued a decision to stop dealing with collection documents in all import operations and to work with documentary credits instead, before returning to cancel this decision at the end of last year.
Egypt produces about 1.6 billion birds annually, and this production achieves self-sufficiency by about 95%, and the gap between production and consumption does not exceed 5%, according to data from the Poultry Division previously.
