Chamber of Food Industries predicts drop in meat prices

The Chamber of Food Industries, which is affiliated with the Federation of Egyptian industries, predicted meat prices will soon drop 15 to 20 percent.

Hatem Nouweir, a board member of the chamber, anticipated prices would decrease because of farmers’ desires to expand their businesses.

Nouweir also said the decline in tourism has negatively affected meat consumption, leaving a plentiful supply for local consumption.

In the same context, Mohamed al-Iraqi, member of the buffalo breeders' department, called for support for farmers to breed more cattle.

Translated from the Arabic Edition

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