After the central bank’s decision … a rise in the prices of eggs and chicks on the poultry exchange today, Friday, 10-28-2022

After the central bank’s decision … a rise in the prices of eggs and chicks on the poultry exchange today, Friday, 10-28-2022

The Central Bank’s decision to boost interest rates and liberalise the exchange rate had an impact on the pricing of chicken on the poultry exchange today, Friday, as the cost of red eggs climbed by a certain amount. It continues and the real breakthrough on the ground and the central bank’s decision to liberate the pound represents a loss for the Poultry Division, explaining in the event of this decision, how to provide the dollar to release the rest of the feed feed shipments in the ports.

He added that the impacts of the central decision and the increase in interest rates will be felt in the near future on the market, and that, given the ongoing rise in the value of the dollar, there would likely be an increase in the cost of eggs and poultry if imports were used.

He stated that the decision to liberate the pound is based on studies by the relevant authorities, but up until this point the dollar price reached 23 pounds, which is what raises concern about the import of goods. He continued that the goal of the decision is to provide the dollar in the location. If there is no release in a branch these days, we will find heights in the price of feed and the price of eggs and poultry unexpectedly.

Yesterday’s extraordinary meeting of the Monetary Policy Committee of the Central Bank of Egypt resulted in the decision to raise interest rates by 200 basis points (2%), as well as the follow-up of a flexible exchange rate that caused the dollar to increase from a level below 20 pounds to 23.20 pounds, which has an impact on experts. On the prices of all imported goods and services, or in products that contain foreign parts.
White chicken costs were 35 pounds.

Spas chicken costs 45 pounds; Saso chicken costs.
The cost of Baladi Chicken 53 pounds of chicken cost money.
25 pounds worth of chicken prices were reported for chicken mothers.
What are the current prices for white chickens?
The Saso chick’s current record price is 4-4.25 pounds.
The cost of the city chickens was 4–4.5 pounds.
The cost of Rosi’s chicks was 4.70 pounds.
The price of chickens in the country is nine dollars.

75 kilos
Red eggs cost 76 pounds. Red eggs cost red eggs.
White eggs cost 70 pounds; white eggs.
The price of eggs is the bound of the municipal eggs 72 pounds..

Following the central bank’s decision, today, Friday, 10/28/2022, there was an increase in the cost of eggs and chicks on the poultry exchange.

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Egypt