Several Egyptian poultry-producing companies are preparing to export their second shipment of frozen poultry to Qatar next month, with a total quantity reaching 360 tons. This follows the successful export of the first shipment earlier this month, according to Samah El-Sayed, head of the Poultry Division at the Giza Chamber of Commerce.
Egypt had already begun exporting its first shipments of frozen poultry to Qatar in April, with the quantity amounting to approximately 360 tons in the initial phase. This expansion in exports reflects the sector's capability to meet the demands of foreign markets, particularly in Gulf countries and Africa.
Details of the Event
El-Sayed explained that the poultry sector possesses strong capabilities that support it in meeting external demands, as Egyptian products are characterized by high quality and competitive prices. He also noted that there are new export requests from Uganda, which has submitted an official request to the Egyptian Industries Union to import large quantities of poultry.
Negotiations are currently underway regarding the required standard specifications, with each country setting its own conditions defined by food safety authorities. Additionally, Egyptian companies are continuing their negotiations with several Gulf countries, such as the UAE, Kuwait, and Oman, to seize new export opportunities.
Background & Context
The production surplus in the poultry sector is estimated at around 200 million chickens annually, which is one of the supporting factors for Egypt's direction towards exporting the surplus. This surplus reflects the sector's ability to meet the needs of foreign markets, contributing to the enhancement of the national economy.
The Egyptian government is working to support local production, having supplied approximately 10,000 tons of poultry to the Holding Company for Food Industries, as part of efforts to enhance self-sufficiency and reduce reliance on imports. The government is also seeking to establish a poultry exchange in collaboration with the Ministry of Agriculture, aiming to regulate the market and achieve a balance between the interests of producers and consumers.
Impact & Consequences
The competitiveness of Egyptian products in foreign markets is supported by the depreciation of the local currency, which enhances the attractiveness of export prices. In addition to maintaining high-quality standards, this supports opportunities for expansion in foreign markets in the upcoming period.
The improved investment climate in Egypt represents a key attraction for new investments in the poultry sector, contributing to increased production capacity and enhanced exports. Continuous coordination between the sector and relevant government bodies, such as the Ministry of Agriculture and the General Authority for Veterinary Services, enhances the chances of success for these initiatives.
Regional Significance
This step serves to strengthen trade relations between Egypt and Gulf countries, contributing to enhanced economic cooperation and the exchange of goods. Moreover, the success of Egyptian poultry exports may open new horizons for other Egyptian products in foreign markets.
In conclusion, this development demonstrates Egypt's ability to meet the needs of foreign markets and reflects the efforts made to support the poultry sector and enhance the national economy.