The prices of poultry and table eggs in local markets have witnessed a noticeable decline during the recent period, driven by increased production and decreased demand rates following the end of peak consumption during the month of Ramadan, according to what was confirmed by Tharwat Al-Zeini, Vice President of the Poultry Producers Union.
Al-Zaini explained, during a telephone interview on the “Extra News” channel, that the poultry market in Egypt is characterized by a high degree of flexibility, as prices are directly subject to supply and demand mechanisms, which makes them quickly affected by any changes in the volume of production or consumption.
He pointed out that production witnessed an increase estimated at about 25%, which contributed to providing larger quantities in the markets, coinciding with the decline in consumer pressure after the end of the Ramadan season, which is considered one of the most prominent seasons that witness a significant increase in demand for food commodities, especially poultry.
He added that this new balance between supply and demand was quickly reflected in prices, as they declined to record about 78 pounds per kilo on the farm, an indication of market stability after a period of fluctuations.
Al-Zeini stressed that the poultry sector in Egypt has largely been able to achieve self-sufficiency, which gives it greater ability to face regional and international challenges, especially in light of global economic crises and supply chain disruptions.
This decline in prices reflects a relative improvement in market conditions, which may reflect positively on consumers during the coming period, as production developments and the volume of demand in the markets continue to be monitored.
