Cairo – The Egyptian government has reduced the prices of frozen beef, chicken from Brazil, butter, and fish at supermarkets in the country. This was the headline of a news story published on the Monday (6th) edition of newspaper Al Masri Al Youm, one of the Egypt’s leading independent newspapers.
According to the publication, the measure adopted applies above all to frozen beef and liver, chicken from Brazil, butter from New Zealand, and fish fillets. The newspaper informs, however, that the prices of locally produced sugar and meat should be maintained, that is, 2.75 Egyptian pounds (US$ 0.50) for one kilogram of sugar, 33 pounds (US$ 5.90) for one kilogram of veal and 26 pounds (US$ 4.60) for one kilogram of beef.
The article adds that the Egyptian government has decided to reduce prices of beef cuts, bringing the cost of ribs down to 19 pounds (US$ 3.40) per kilogram, instead of 20 pounds. In the case of Brazilian topside, the price for one kilogram has been reduced to 19.5 pounds (US$ 3.48), down from 21 pounds (US$ 3.75).
The price of one kilogram of liver from the United States was cut by one Egyptian pound, as was the price of one kilogram of Bassa fish fillet, which is imported from Vietnam. One kilogram of butter from New Zealand is selling for two pounds less.
Brazilian chicken now costs 15 pounds per kilogram (US$ 2.67). According to the newspaper, besides beef, chicken, fish and some dairies, certain pastas, such as spaghetti, also had price reductions, as did margarine and cooking oil.
Furthermore, holding companies in the Egyptian food industry have decided to increase the inventories of commodities in the country’s governorates in the months of July and August. The products include sugar, rice, flour, vegetable oil, frozen beef and chicken, and fresh and frozen fish.
*Translated by Gabriel Pomerancblum
