Egypt has witnessed a notable decrease in meat prices on Wednesday, according to the latest bulletin from the Local and Global Prices Portal, affiliated with the Information and Decision Support Center at the Council of Ministers. This development brings relief to consumers who have been monitoring the fluctuating prices of essential commodities. The prices of red meat have decreased, offering a respite to the market.
The price of pure lamb meat has dropped to an average of 481 EGP per kilogram, a decrease of 1.5 EGP from its previous price. The prices of pure lamb meat range from 350 to 660 EGP per kilogram. This reduction in price is a welcome change for consumers who have been affected by the rising costs of living. The market is expected to respond positively to this development.
The price of lamb meat with bones has also decreased, with an average price of 413 EGP per kilogram, a drop of 3 EGP from its previous price. The prices of lamb meat with bones range from 200 to 500 EGP per kilogram. This decrease in price is expected to boost sales and provide consumers with more affordable options.
In contrast, the price of pure veal meat has increased, with an average price of 460 EGP per kilogram, a rise of 5 EGP from its previous price. The prices of veal meat range from 350 to 860 EGP per kilogram. This increase in price may be attributed to various market factors, including demand and supply.
However, the price of veal meat with bones has decreased significantly, with an average price of 401 EGP per kilogram, a drop of 17.5 EGP from its previous price. The prices of veal meat with bones range from 300 to 500 EGP per kilogram. This substantial decrease in price is expected to make veal meat more affordable for consumers.
The prices of old and young beef have also decreased, with an average price of 371 EGP per kilogram for old beef, a drop of 3 EGP from its previous price. The prices of old beef range from 280 to 400 EGP per kilogram. Young beef has an average price of 436 EGP per kilogram, a decrease of 7 EGP from its previous price, with prices ranging from 330 to 540 EGP per kilogram.
The average price of medium-aged beef is 427 EGP per kilogram, a decrease of 4 EGP from its previous price, with prices ranging from 320 to 500 EGP per kilogram. These price reductions are expected to have a positive impact on the market and provide consumers with more affordable options.
Key points
- The price of pure lamb meat has dropped to an average of 481 EGP per kilogram.
- The price of veal meat with bones has decreased significantly, with an average price of 401 EGP per kilogram.
- The prices of old and young beef have decreased, with average prices of 371 EGP and 436 EGP per kilogram, respectively.
