Egypt Cracks Down on Poultry Prices: Chicken and Eggs Set to Get Cheaper

Egypt - In line with a government-led initiative to lower food commodity prices by thirty percent over the next several weeks, Egyptian markets are preparing for a sharp decline in the cost of eggs and chicken, which is scheduled to happen on Tuesday.

Mostafa Madbouly, the prime minister of Egypt, recently evaluated a plan put out by the Egyptian Poultry Association, a group that includes significant private poultry producers and aims to lower costs by ten to fifteen percent.

A bundle of thirty eggs will cost EGP 135 (US$ 2.84) as part of the effort, and a kilogram of chicken will cost EGP 85 (US$ 1.79) at farms. Customers may also be subject to an extra maximum fee of EGP 10 (US$ 0.21).

Madbouly emphasized that residents will see considerable price reductions in the coming days due to recent state-implemented economic initiatives and large inflows of foreign cash.

According to Madbouly, these inflows have made it easier to clear commodities valued at over $4.5 billion that were previously stuck at ports.

Following a meeting between government leaders and representatives of a range of businesses, including significant producers, suppliers, and manufacturers accounting for more than 70% of the market, the government launched this effort.

The Minister of Agriculture, El-Quseir, clarified that this price cut is the first step in a strategy to bring down commodities prices in the near future.

One of the staple goods that is being lowered in price is poultry, which demonstrates how the public-private partnership is working to control inflation in light of the nation's improving economic conditions. Additionally, Egypt exports $660k worth of chicken annually, making it the 65th largest poultry exporter in the world. chicken is significant to Egypt both locally and internationally.