February 29, 2024


Egypt poultry firm CEO foresees potential decline in country's poultry prices


Ibrahim Wagdy, CEO of Cairo 3A Poultry company based in Egypt, is optimistic about a potential decrease in poultry prices in the country during the last quarter of 2024, Egypt Today reported.


This outlook is based on several factors, including lower feed costs, increased supply, advancements in veterinary treatments leading to reduced poultry mortality rates, and improved production capacities.


To fortify its operations, Cairo 3A Poultry recently unveiled its poultry processing factory in the industrial zone of Tenth of Ramadan City. With a significant investment of EGP 600 million (US$19.3 million), the facility boasts an initial production capacity of 9,000 tonnes per year.


Wagdy highlighted Cairo 3A Poultry's successful efforts in bridging Egypt's chicken supply gap, which previously stood at 50,000 tonnes. Presently, the company's production has surged to 62,000 tonnes, with plans to further increase it to 70,000 tonnes.


Additionally, Wagdy disclosed the company's strategy to elevate the proportion of storable frozen chicken from the current 10% to 30% of total production.


Cairo 3A Poultry aims to broaden its market presence through exports. Wagdy revealed that approximately 25% of the company's forthcoming production will target the Gulf and African markets within the next two years.


-      Egypt Today

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