06:40 PM
Thursday 07 March 2024
Written by: Sherine Salah:
Local meat prices witnessed a decline between 30 and 40 pounds per kilo, after the drop in fodder prices last week, with expectations of a further decline in the coming period, according to Mustafa Wahba, head of the butchers division at the Cairo Chamber of Commerce, to Masrawy.
According to Wahba, the price of a kilogram of Kunduz meat (which has a higher percentage of fat) reaches 320 pounds, compared to an average price ranging between 350 and 360 pounds.
The average price of a kilo of meat (with a lower percentage of fat and thigh) ranges between 450 and 460 pounds, compared to between 490 and 500 pounds before the decrease, according to the head of the division.
Meat prices in some governorates range on average at 330 pounds, and vary depending on the governorates and places of sale.
The price of the dollar in banks rose yesterday, Wednesday, in a move by the Central Bank to end the parallel market, which caused prices to rise, with the government’s efforts to control prices and their decline to ease the burden on citizens.
Haitham Abdel Basset, Deputy Head of the Butchers Division, confirmed to Masrawy that meat prices declined last week, coinciding with the decline in fodder prices.
The average price of a ton of fodder, “a mixture of yellow corn, soybeans, and other proteins,” fell by about 5,000 pounds at the beginning of last week compared to the prices of the previous week, according to Sameh Al-Sayed, head of the poultry division at the Giza Chamber of Commerce, to Masrawy earlier.
Abdel Basset explained that after the government’s statements about releasing shipments at the ports, there will be more availability of fodder and a further decline in meat.
Dr. Mostafa Madbouly, Prime Minister, made press statements during his presence at the port of Alexandria today, about following up on the implementation of presidential directives, quickly and immediately releasing goods and merchandise at various ports, in the presence of Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, and Lieutenant General Engineer Kamel Al-Wazir, Minister. Transport, Mr. Al-Qasir, Minister of Agriculture and Land Reclamation, Rear Admiral Nihad Shaheen, Chairman of the Board of Directors of the General Authority of Alexandria Port, Major General Abdel Qader Darwish, Chairman of the Egyptian Group for Multi-Purpose Terminals, and Mr. Al-Shahat Al-Ghatouri, Head of the Customs Authority.
The Prime Minister pointed out that at the moment we are now witnessing the customs release at the port of Alexandria, the release and exit of many goods, commodities, and shipments from 3 other ports are being filmed: Damietta, Sokhna, and Dekheila.
Mustafa Wahba, head of the division, also expected that with the availability of feed supplies, there will be a further decline in meat.
Read also:
A kilo is 330 pounds.. A significant decrease in meat prices in Sohag – video and photos
Giza Chamber: 5 thousand pounds decrease in fodder after the dollar fell in the markets
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