Egypt's poultry prices have risen by approximately two EGP, with white chicken prices ranging between 72 and 73 EGP per kilogram at the farm level, according to Abdelaziz El-Sayed, head of the poultry wealth department at the Cairo Chamber of Commerce. This increase is notable in the industry, which has seen significant growth in recent years. The industry provides employment opportunities for around 3.5 million citizens.
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 and converting them from open to closed systems, which is expected to improve production efficiency and increase economic returns.
The poultry sector in Egypt has achieved remarkable growth, with white chicken production reaching 1.6 billion birds, compared to 1.4 billion birds last year, representing a 14% growth rate, according to Dr. Tariq Selim, head of the animal and poultry wealth development sector. The sector includes over 27,000 diverse farms, encompassing egg production, broiler farms, parent farms, and companies specializing in producing parent and grandparent poultry.
The prices of poultry in Egypt's stock exchange have stabilized at 85-90 EGP per kilogram, varying by region. The industry is a crucial component of Egypt's food security and national economy. The Ministry of Agriculture is working to accelerate the process of opening new markets to absorb the surplus local production, given the sector's current boom.
The prices of poultry in the public stock exchange have increased by about two EGP, reaching 73 EGP per kilogram for white chicken. The prices of Saso chickens have stabilized at 105 EGP per kilogram, and white parent chickens have reached 75 EGP per kilogram at the farm level. The industry is seeking to open new export markets in Arab, African, and international markets.
Some stock exchanges, such as "Mohamed Adel," have recorded prices of 72 EGP for white chickens and 105 EGP for Saso chickens. The industry provides significant investment and production opportunities, with the volume of investments exceeding 200 billion EGP. The sector has achieved substantial growth in recent years, according to Dr. Tariq Selim.
Other stock exchanges, such as "Mounir El-Saqa," have seen prices rise by about two EGP, reaching 73 EGP for white chickens. The price of white chicks has increased to 26-27 EGP, while Saso chicks range between 19-20 EGP. The industry continues to grow, with a focus on supporting small breeders and large producers, and opening new export markets.
Key points
- Egypt's poultry prices have increased, with white chicken reaching 72-73 EGP/kg.
- The industry provides employment opportunities for around 3.5 million citizens.
- The sector has achieved substantial growth, with white chicken production reaching 1.6 billion birds.
