The Egyptian poultry market has seen a decline in prices, with white chicken now ranging from 70 to 71 EGP per kilogram at the farm. This decrease was announced by Abdelaziz El-Sayed, head of the poultry wealth department at the Cairo Chamber of Commerce. Meanwhile, local chicken prices are hovering around 140-145 EGP, and Saso chicken is selling for 140 EGP to consumers.
The Egyptian Ministry of Agriculture is working to provide easy financing for breeders in collaboration with the National Bank of Egypt and the Egyptian Agricultural Bank. This initiative aims to support the purchase of production necessities such as feed, chicks, medicines, and veterinary vaccines. Additionally, the ministry is financing the development of breeding rooms, converting them from open to closed systems, which should increase production efficiency and economic returns.
The poultry sector in Egypt provides direct and indirect job opportunities for around 3.5 million citizens. According to Dr. Tarek El-Sleman, head of the animal and poultry wealth development sector, the production of white chicken has reached 1.6 billion birds, compared to 1.4 billion birds last year, representing a 14% growth.
Current poultry prices in the Egyptian stock exchange vary by region, ranging from 85 to 90 EGP per kilogram. The sector comprises over 27,000 diverse farms, including those producing table eggs, broiler chickens, parent stock, and companies specializing in producing parent and grandparent stock. This information was provided by Agriculture Minister Alaa Farouk.
The general Egyptian poultry stock exchange has seen prices drop to 70 EGP per kilogram for white chicken. The Ministry of Agriculture is accelerating efforts to open new markets to absorb the local production surplus, given the sector's current boom.
Saso chicken prices on the general Egyptian poultry stock exchange have increased by around 3 EGP, reaching 110 EGP per kilogram. White parent stock is selling for 75 EGP at the farm. Meanwhile, prices on the "Mohamed Adel" poultry stock exchange are at 70 EGP, with Saso chicken at 110 EGP per kilogram and white chicks at 22 EGP.
The "Munir El-Saqa" poultry stock exchange has seen prices drop to 70 EGP for white chicken. Egypt's poultry sector has achieved unprecedented investment and production growth in recent years, with investments exceeding 200 billion EGP. White chicks are priced between 26 and 27 EGP, while Saso chicks range from 19 to 20 EGP, and kilogram of white parent stock costs 75 EGP.
Key points
- Poultry prices have dropped in Egypt, with white chicken at 70-71 EGP/kg.
- The Egyptian Ministry of Agriculture is providing financing for breeders to support production necessities.
- Egypt's poultry sector provides job opportunities for around 3.5 million citizens and has seen significant growth in recent years.
