The Egyptian egg market has witnessed a notable surge in prices, with a 10 EGP increase, bringing the current farm prices to 120-125 EGP per carton. According to Abdelaziz El-Sayed, head of the Poultry Wealth Division at the Cairo Chamber of Commerce, this rise is reflective of the dynamic nature of the poultry industry. Egypt's poultry sector has experienced unprecedented growth in recent years, with investments exceeding 200 billion EGP.
The Egyptian Ministry of Agriculture is playing a crucial role in supporting poultry farmers by providing accessible financing in collaboration with the National Bank of Egypt and the Egyptian Agricultural Bank. This initiative aims to help farmers purchase essential production inputs such as feed, chicks, medicines, and veterinary vaccines. Additionally, the ministry is financing the development of breeding houses, transitioning from open to closed systems, which enhances production efficiency and economic returns.
The average annual consumption of eggs from local farms per person in Egypt stands at 140 eggs, as stated by Agriculture Minister Alaa Farouk. The production of table eggs has reached 16 billion units, up from 14 billion the previous year. Furthermore, the production of local breed chickens has reached 360 million birds, marking an increase of over 12%, according to Dr. Tarek Soliman, head of the Animal Wealth and Poultry Development Sector.
The current market prices for eggs have reached 140 EGP per carton for white eggs for consumers, and 140-150 EGP per carton for other types. 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 industry not only supports food security but also provides substantial employment opportunities.
The prices of local breed eggs have reached 150 EGP per carton. The Egyptian government has made significant strides in enhancing its vaccine production capacity, increasing it to 2.3 billion doses annually, compared to 120 million doses previously. This development is crucial for supporting the health and productivity of the poultry sector.
The poultry industry is a cornerstone of Egypt's food security and national economy, providing direct and indirect employment to approximately 3.5 million people. The sector is working towards accelerating the process of opening new markets to absorb the surplus local production, especially given the current boom in the poultry industry. Prices for red eggs have reached 145 EGP per carton.
The government is focused on offering support to small-scale farmers and large producers, as well as exploring new export markets in Arab, African, and international markets. This effort is particularly significant following Egypt's recognition as one of the countries applying the isolated poultry farm system in line with the regulations of the World Organisation for Animal Health (WOAH). The current market prices for eggs are ranging between 140-145 EGP per carton.
Key points
- Egypt's poultry sector sees investments over 200 billion EGP.
- Egg production reaches 16 billion units annually.
- The sector provides employment to approximately 3.5 million people.
