The Egyptian egg market has witnessed stability, with prices hovering around 120 to 125 pounds per carton at the farm level, according to Abdelaziz El-Sayed, head of the Poultry Wealth Committee at the Cairo Chamber of Commerce. This stability is significant, given the sector's substantial growth in recent years. Egypt's poultry industry has seen a remarkable investment and production surge, with investments exceeding 200 billion pounds.
The poultry sector in Egypt has become a cornerstone of the country's food security and national economy. It provides direct and indirect employment opportunities for approximately 3.5 million citizens, as stated by Dr. Tarek Soliman, head of the Animal and Poultry Wealth Development Sector. The industry's growth has been substantial, with egg production reaching 16 billion units, up from 14 billion units the previous year.
The increase in egg production is a notable achievement, with a significant rise in the number of birds being raised. The production of local breed chickens reached 360 million, marking an increase of over 12%, according to Dr. Tarek Soliman. This growth has contributed to the country's food security and economic development.
At the consumer level, egg prices have been recorded at 140 pounds, with the average Egyptian consuming around 140 eggs per year from local farms, as stated by Agriculture Minister Alaa Farouk. The egg sector is a critical component of the country's poultry industry, which comprises over 27,000 diverse farms, including those producing table eggs, broiler chickens, and parent stock.
The diversity of Egypt's poultry sector extends to companies specializing in producing parent and grandparent stock. The sector has seen significant investments, with the state working to open new markets to absorb the surplus local production. The government aims to accelerate procedures for opening new markets, given the current surge in the poultry sector.
The state has made notable strides in enhancing its veterinary capabilities, increasing the production capacity of veterinary vaccines to 2.3 billion doses annually, up from 120 million doses previously, according to Agriculture Minister Alaa Farouk. This development has contributed to the sector's growth and stability.
The Egyptian government continues to support the poultry sector through various initiatives, including providing financing options for breeders and working to open new export markets. The sector's growth has been remarkable, with egg prices remaining stable, and the government is committed to sustaining this growth through supportive policies and investments.
Key points
- Egg prices in Egypt are stable, ranging from 120 to 125 pounds per carton at the farm level.
- The poultry sector provides employment opportunities for approximately 3.5 million citizens.
- Egypt's egg production has reached 16 billion units, up from 14 billion units the previous year.
