Egg prices in Egypt have stabilized at 115-120 pounds per carton at farms, according to Abdelaziz El-Sayed, head of the poultry wealth committee at the Cairo Chamber of Commerce. This stability is significant for the country's food security and economy, as the poultry industry provides employment opportunities for around 3.5 million people. The industry is considered one of the main pillars of the national economy.
The production of table eggs in Egypt has increased to 16 billion eggs, up from 14 billion eggs in the previous year. The production of local poultry has also seen a significant rise, with around 360 million birds produced, representing a 12% increase. These numbers indicate a positive trend in the poultry sector, according to Dr. Tarek Soliman, head of the animal and poultry wealth development sector.
The Egyptian government is working to provide support to small and large producers, as well as open new export markets in Arab, African, and international countries. This move comes after Egypt was approved as one of the countries that apply the isolated poultry farm system according to the regulations of the World Organisation for Animal Health (WOAH). The government's efforts aim to boost the country's poultry industry.
The current price of eggs for consumers is around 135 pounds, with the average individual consumption in Egypt being around 140 eggs per year, according to Agriculture Minister Alaa Farouk. The poultry sector in Egypt consists of over 27,000 diverse farms, including those producing table eggs, broiler chickens, and parent stock, as well as companies specializing in producing parent and grandparent stock.
The price of local eggs has reached 150 pounds per carton, while the price of red eggs is around 140 pounds per carton. The government has made significant progress in increasing the production capacity of veterinary vaccines to 2.3 billion doses annually, compared to 120 million doses previously. This development is expected to have a positive impact on the poultry industry.
The Egyptian Ministry of Agriculture is working to accelerate the process of opening new markets to absorb the surplus local production, given the recent surge in the poultry sector. The ministry is also providing easy financing for breeders in cooperation with the National Bank of Egypt and the Egyptian Agricultural Bank to support the purchase of production requirements.
The poultry sector in Egypt has achieved an unprecedented investment and production boom in recent years, with investments exceeding 200 billion pounds. The sector's growth is expected to continue, driven by government support and increasing demand for poultry products. The stability of egg prices and the growth of the poultry sector are expected to have a positive impact on the Egyptian economy.
Key points
- Egg prices in Egypt have stabilized at 115-120 pounds per carton at farms.
- The production of table eggs in Egypt has increased to 16 billion eggs.
- The poultry sector in Egypt provides employment opportunities for around 3.5 million people.
