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Egypt's chicken prices fell for the first time after the government imported more than 100,000 tonnes of frozen Brazilian chicken. The imported birds went on sale at discounted government and hypermarket outlets, and local poultry sellers cut prices by about 10 Egyptian pounds.
Large state-directed imports add to Brazilian chicken export demand and show that Egypt is relying on imports to cover a local supply shortfall. Lower local prices could also reduce pressure on Egyptian feed demand.
thenationalnews.comKamal TabikhaFeb 28, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
