Egypt's poultry sector has experienced a significant surge in investment and production over the past few years, with the sector's investments exceeding 200 billion Egyptian pounds. According to Dr. Tarek Suleiman, head of the Animal and Poultry Wealth Development Sector, the industry has become a cornerstone of the country's food security and economy. The sector has seen a substantial increase in production, with the number of poultry farms reaching over 27,000.
The prices of poultry in Egypt's stock exchange have been fluctuating, with white chicken prices ranging between 68 and 69 pounds per kilogram at the farm level, according to Abdel Aziz Sid, head of the Poultry Wealth Committee at the Cairo Chamber of Commerce. In contrast, prices in different regions vary, ranging from 85 to 90 pounds per kilogram. The sector is working to open new export markets in Arab and African countries, as well as international markets.
The Egyptian government is providing support to small and large producers, offering financing options through the National Bank of Egypt and the Egyptian Agricultural Bank to purchase production inputs such as feed, chicks, and vaccines. The Ministry of Agriculture is also working to develop new markets and provide support to farmers. The sector provides employment opportunities for around 3.5 million people, directly and indirectly.
The production of white chicken has seen significant growth, increasing to 1.6 billion birds compared to 1.4 billion birds last year, representing a 14% growth rate. The prices of different types of poultry have been varying, with the price of Saso chicken decreasing by two pounds to 103 pounds per kilogram. The price of white mother chicken has reached 70 pounds per kilogram at the farm level.
The prices of chicks have also seen fluctuations, with the price of white chicks increasing by two pounds to range between 23 and 24 pounds. The price of Saso chicks ranges between 19 and 20 pounds. The sector is working to improve production efficiency and increase economic returns.
The Egyptian government has been working to develop the poultry sector, with the aim of increasing production and improving efficiency. The sector has seen significant growth in recent years, with the country's poultry production increasing substantially. The government is also working to open new export markets for Egyptian poultry.
The poultry sector in Egypt is expected to continue growing, driven by government support and investments in the sector. The sector's growth is expected to have a positive impact on the country's economy and food security. Key points include the sector's significant growth, with investments exceeding 200 billion pounds, and the government's efforts to support small and large producers.
Key points
- Egypt's poultry sector has seen significant growth, with investments exceeding 200 billion pounds.
- The sector provides employment opportunities for around 3.5 million people.
- The production of white chicken has seen significant growth, increasing to 1.6 billion birds.
