As a result of the government providing large amounts of eggs to augment the supply, the unjustified price control that occurs, as well as the ongoing release of chicken feed stored at ports, the prices of eggs in farms saw significant drops.
According to the Egyptian General Poultry Union, on Saturday, November 5, 2022, farm prices for eggs saw decreases of 3 pounds in a single dish.
The price of the red egg dish dropped from 73.75 pounds to 70, as noted by the “Poultry Union.”
75 pounds, the “white eggs” dish’s price dropped from 70 to 68.75 pounds, and the municipal egg dish’s cost dropped from 73.75 pounds to 70.75 pounds.
In order to increase supply in the markets, the price of eggs was reduced on farms in tandem with the government through the Ministry of Agriculture’s outlets, which offered quantities at prices about 20% lower than retailers. This was done after retailers took advantage of the feed shortage crisis by raising prices with inflated values.
Following a protest from breeders about the feed’s high pricing and declining supplies, the government also announced that it would keep releasing the quantities that were being kept at the ports.
A total of 183 thousand tonnes of corn and soybeans worth $94 million were released by the Ministry of Agriculture in cooperation with the Central Bank over the course of five days from October 23 to 27 last year. The ministry also confirmed that the release operations will continue, with the expectation that this will have an impact on the drop in the price of chicken and eggs.
A number of eggs believed that the price of the sale of eggs to the consumer will see drops after their prices have reduced today on farms with the same values, as they are currently 75 levels per dish of all kinds, and the price of the egg reaches 3 pounds..
Urgent .. the low prices of eggs in the farmer with the government’s efforts to limit the prices
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