Egypt .. Decline in demand for sacrifices .. and consumers clarify why

Cairo, Egypt (CNN) — Consumers in Egypt confirmed a lower within the demand for the acquisition of sacrificial animals in 2024 resulting from their excessive costs, weak buying energy, and the tendency of residents to buy sacrificial devices as a result of lower within the worth of the instrument, and the power to pay in installments by means of charitable associations.

Importers identified that native meat and meat imported from India and Brazil had been within the markets.

In keeping with the Cupboard Worth Portal, the typical worth of contemporary meat in shops elevated to 383.48 kilos ($8.04) per kilo, a day by day improve of 1.69%, amounting to six.36 kilos ($0.13), whereas the value common meat in authorities establishments right down to 313.65 kilos ($6.57) per kilo with a discount of two.99%, value 9.68 kilos ($0.2).

The Head of the Butchers Division on the Common Federation of Chambers of Commerce, Haitham Abdel Basset, stated that the costs of sacrifices elevated by 20% throughout Eid al-Adha this yr in comparison with final yr, which affected the decline in quantity the demand to purchase sacrifices and native meat from butcher retailers 60% Then again, the demand to purchase meat elevated.

The federal government contracted for round 30,000 heads of livestock to be slaughtered in slaughterhouses and bought by means of 1,500 totally different retailers at reductions in costs between 15 and 20% in comparison with their counterparts within the native market, based on a press release by the Ministry of Provide and Inner Commerce..

Abdel Basset, in statements to: CNN In Arabia, the weak buying energy affected the decline within the demand for sacrificial animals, and the costs rose as a result of improve in the price of fattening and rearing, whereas shoppers tended to purchasing sacrificial vouchers from charitable societies, to permit those that wished to kill the sacrificial animal at an financial worth, and identified that there was a big provide of meat out there within the markets, whether or not native or imported -in from Brazil and India.

Many charities and the Ministry of Endowment have provided sacrifice vouchers, that are bought by means of the donation, in order that the societies slaughter, distribute to beneficiaries, and ship a part of the meat to the donor’s good thing about a sacrifice voucher for native meat exceeds 9 thousand kilos ($188.67), a rise of about 1,000 kilos ($20.96). provide the chance to pay the instrument in installments..

Mustafa Wahba, a member of the Butchers Division on the Cairo Chamber of Commerce, stated the value of a kilogram of sacrificial meat rose to 230 kilos ($4.82) throughout Eid al-Adha 2024, a rise of between 10-20% over the interval lastly. He stated that the extent of demand for getting sacrificial animals is lowering resulting from rising costs..

Wahba, in statements to: CNN In Arabic, he stated that there’s an abundance of native and imported choices, and he identified that the imported ones account for the most important share of gross sales within the native market. per kilo, and there may be frozen meat from India and Brazil, whereas it runs The worth of a kilo of native meat is between 400-450 kilos ($8.39-9.44).

The Ministry of Agriculture agreed to about 24 firms to import 145,000 heads of livestock, together with 25,000 heads of calves for rapid slaughter from some African international locations earlier than Eid al-Adha, based on an official assertion..

Wahba estimated the proportion of decline within the buy of sacrificial animals this yr between 50-60%, attributing the explanation to the rise in costs and on the similar time the decline within the buying energy of residents as a result of improve within the costs of all items and the tendency of residents to purchase sacrificial vouchers.

The annual inflation price for Egyptian cities fell to twenty-eight.1% in Might 2024, in comparison with 32.5% in April, based on information from the Central Company for Public Mobility and Statistics % in April, which is ready by the Central Financial institution..

In the identical context, the Deputy Head of the Importers Division on the Cairo Chamber of Commerce, Sayed Al-Nawawi, stated that lots of imported meat comes from India and Brazil, and that there’s a demand to purchase it due to its low costs in comparison with comparable native meat..

He stated imported frozen meat costs vary from 220 to 285 kilos ($4.62-5.98) per kilogram, relying on the minimize, and dwell imported meat ranges from 350 -380 kilos ($7.34-7.96), whereas the value of native beef reaches 400-450 kilos per kilo ($8.38-9.34), and lamb is greater than 450 kilos per kilo ($9.34 ).

The Ministry of Agriculture is finishing up inspection campaigns at institutions that promote meat, poultry and fish earlier than Eid Al-Adha to grab meals that isn’t appropriate for human consumption, ship violators to inspection, and cope with the phenomenon of killing exterior slaughterhouses..

Al-Nawawi, in statements to:“CNN In Arabic, “the value of village meat fell by 2,000 kilos ($41.92) for inventory, which led to a lower within the worth of promoting it to residents by 20-30 kilos ($0.42-0.63) in butcher retailers, indicating a pattern that’s rising. of residents this yr to buy sacrificial acts as a result of drop in worth.” Their costs and prices in comparison with killing sacrificial animals.