Egg prices surge in Egypt

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Egg prices surge in Egypt

STORY: Egg prices surge in Egypt DATELINE: Aug. 1, 2022 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of eggs in markets STORYLINE: The prices of eggs surged in Egypt in the past two weeks despite urgent moves by the government to try to normalize the market. At present, the prices for egg cartons reached approximately 100 Egyptian pounds (5 U.S. dollars). The crisis coincided with statements by the Egyptian Ministry of Agriculture earlier this month that Egypt had achieved self-sufficiency in poultry and eggs, after Egypt's egg production reached more than 13 billion eggs annually. The Poultry Division of the Chamber of Commerce has formed a committee of experts working in the field of poultry wealth to discuss the reasons that led to the rise in egg prices. The Ministry of Supply and Internal Trade has delivered large quantities of eggs in consumer complexes to meet the needs of citizens, as government moves are still in full swing to control egg prices. Xinhua News Agency

  • Product Code
  • ILEA001000841
  • Registered date
  • 2022/8/01 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 49.56(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Egypt slashes prices of daily necessities amid currency inflation

    STORY: Egypt slashes prices of daily necessities amid currency inflation SHOOTING TIME: April 5, 2024 DATELINE: April 6, 2024 LENGTH: 00:02:34 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Cairo citizens shopping at markets 2. SOUNDBITE (Arabic): AMEL ABDEL-QAWY MOHAMED, Director of Supply Department in Cairo's Masr El Gedida neighbourhood 3. various of daily necessities STORYLINE: Egyptian government is expanding the supply of daily necessities by giving discounts ranging from 15 to 20 percent. Markets have already made considerable decreases in prices such as those of poultry and eggs starting from last Tuesday, as the government aims to slash prices of food commodities by 30 percent in the coming weeks in collaboration with the private sector. SOUNDBITE (Arabic): AMEL ABDEL-QAWY MOHAMED, Director of Supply Department in Cairo's Masr El Gedida neighborhood "Of course, we are in the process of carrying out this initiative by decreasing prices, from 15 to 20 percent, of the basic or the stra

      Egypt launches poultry, egg price reduction initiative

      STORY: Egypt launches poultry, egg price reduction initiative SHOOTING TIME: file DATELINE: April 2, 2024 LENGTH: 00:00:59 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of a chicken farm in Egypt STORYLINE: Egyptian Prime Minister Mostafa Madbouly on Monday reviewed an initiative to reduce the prices of poultry and eggs by a rate ranging from 10 percent to 15 percent. Egyptian minister of agriculture and land reclamation explained that this initiative comes in response to the directives of the political leadership, as well as the government's initiatives and efforts to reduce commodity prices. As a result of this initiative starting Tuesday, the price of a kilogram of chickens on the farm is set to be 85 Egyptian pounds, and the price of a carton of table eggs to be 135 pounds. The minister confirmed that, in light of these announced prices, the price to the consumer will be a maximum of 95 pounds for poultry, and 145 pounds for eggs. Xinhua News Agency correspondents reporting from C

        Egypt's PM orders faster release of goods at ports to lower prices

        STORY: Egypt's PM orders faster release of goods at ports to lower prices SHOOTING TIME: File DATELINE: March 5, 2024 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of ports in Egypt STORYLINE: Egypt's Prime Minister Mostafa Madbouly said on Monday that he had reviewed the movement of goods and freight in the country's ports and ordered the swift and immediate release of essential items amid a rise in U.S. dollar resources. Madbouly said in a statement that the presidential directives aimed to ease the flow of goods at various ports, especially food, medicine, fodder and production inputs, which would help balance and lower prices. He also said that the government was pursuing its reform measures to support the industrial sector and boost exports, as well as the agriculture, tourism and communications sectors, adding that these are part of the state's plan for structural reform. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

          India imposes minimum price on onion exports

          STORY: India imposes minimum price on onion exports DATELINE: Oct. 31, 2023 LENGTH: 00:01:21 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of a vegetable market STORYLINE: The Indian government has notified a Minimum Export Price of 800 U.S. dollars per ton on onion exports to contain soaring prices in the domestic market, officials said Sunday. The step has also been taken to maintain availability of onions in the domestic market. According to the federal ministry of consumer affairs, food and public distribution, the notification will take effect on Sunday and remain in force until Dec. 31. Along with the decision, the government has also announced the procurement of additional 200,000 tons of onion for the buffer, and above 500,000 tons have already been procured, the ministry said. Reports said onion prices have increased by more than 50 percent in the past two weeks in India. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

            Egypt to establish 1-bln-euro tire factory in Suez Canal Economic Zone

            STORY: Egypt to establish 1-bln-euro tire factory in Suez Canal Economic Zone DATELINE: Sept. 21, 2023 LENGTH: 00:01:34 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the signing ceremony of the tire factory project (courtesy of Egyptian Cabinet) 2. various of the Suez Canal STORYLINE: Egypt will establish a tire factory with investments valued at one billion euros (1.07 billion U.S. dollars) in the Suez Canal Economic Zone (SCZone) northeast of the capital, the Egyptian government said in a statement on Wednesday. The factory will cover 400,000 square meters in three phases, it said. The project aims to produce tires for private cars and heavy trucks with a production capacity of seven million per year at the time of full operation, it added. The move is part of the SCZone's strategy to localize several integrated service and industrial sectors, the statement said, adding that the new factory initially targets securing the needs of domestic markets and reducing importation. It will provide

              Egypt's net int'l reserves rises in August

              STORY: Egypt's net int'l reserves rises in August DATELINE: Sept. 8, 2023 LENGTH: 0:01:07 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the River Nile in Cairo 2. various of the Central Bank of Egypt 3. various of an accountant counting banknotes 4. various of the Central Bank of Egypt 5. various of banks in Egypt STORYLINE: The Central Bank of Egypt (CBE) said on Thursday the country's net foreign reserves rose to 34.928 billion U.S. dollars in August 2023 from 34.88 billion dollars in the previous month. Egypt's foreign reserves consist of a basket of major international currencies, including the U.S. dollar, the euro, the pound sterling, the Japanese yen, and the Chinese yuan. The Egyptian government seeks to collect 1.5 billion dollars in external financing before the end of 2023, Minister of Finance Mohamed Maait stated on Thursday. The financing plan includes issuing 1 billion worth of yen and yuan bonds, Maait added. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

                Egypt inaugurates mega strategic food warehouse project

                STORY: Egypt inaugurates mega strategic food warehouse project DATELINE: Aug. 28, 2023 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the building of the Ministry of Supply and Internal Trade in Cairo 2. various of Egyptian Minister of Supply and Internal Trade Ali al-Moselhy speaking (file) STORYLINE: A groundbreaking ceremony was held Sunday for building a strategic food warehouse project in southern Egypt's Luxor Governorate. Egyptian Minister of Supply and Internal Trade Ali al-Moselhy attended the ceremony, witnessing the warehouse's foundation stone being laid, the ministry said in a statement. This was the second to start construction among seven strategic food warehouses planned across the country, following the one in the Suez Governorate in June. It would serve Luxor and some neighboring governorates, according to the ministry. Al-Moselhy said that the warehouse would be built on an area of 10 acres, with an investment of approximately 1.5 billion Egyptian pounds (4

                  Egypt's non-oil trade deficit downs 10.7 pct in Q2

                  STORY: Egypt's non-oil trade deficit downs 10.7 pct in Q2 DATELINE: Aug. 23, 2023 LENGTH: 00:00:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt 2. various of oil and gas fields STORYLINE: Egypt's non-petroleum trade deficit has reached 7.5 billion U.S. dollars in the second quarter (Q2) of 2023, showing a 10.7 percent dip from the same period last year, said the Egyptian cabinet on Tuesday. It said in a media release that the decrease in non-petroleum import value was behind the decline of the trade deficit, adding that non-oil imports value has dropped to 15.9 billion dollars in 2023 from 17.6 billion dollars in 2022. The value of the non-oil exports fell to 8.4 billion dollars in Q2 from 9.2 billion U.S. dollars in the same period last year, it said. China served as the most important non-oil trade partner with Egypt in Q2 in terms of trade volume, followed by the United States, Türkiye, Italy, Russia, and Saudi Arabia. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

                    Egypt approves AIIB loan to build metro line in Alexandria

                    STORY: Egypt approves AIIB loan to build metro in Alexandria DATELINE: Aug. 18, 2023 LENGTH: 00:00:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the meeting of Egyptian Cabinet (courtesy of Egyptian Cabinet) STORYLINE: The Egyptian government approved on Thursday a loan from the Asian Infrastructure Investment Bank (AIIB) to finance a metro line in the northern coastal province of Alexandria, said the Egyptian cabinet in a statement. The Beijing-based bank will provide Egypt with 250 million euros (about 272 million U.S. dollars) to fund the Abu Qir metro line in the Egyptian coastal city of Alexandria, based on a deal signed by Egypt's Ministry of International Cooperation and the AIIB in China last month. The project, which is estimated to cost 1.5 billion euros, will be co-financed by the AIIB, the European Bank for Reconstruction and Development, the European Investment Bank, and the French Development Agency. The new metro line will be developed on the existing Abu Qir railway line,

                      Egyptian Mercantile Exchange adds sugar to traded commodities

                      STORY: Egyptian Mercantile Exchange adds sugar to traded commodities DATELINE: Aug. 18, 2023 LENGTH: 00:00:55 LOCATION: Cairo CATEGORY: SOCIETY SHOTLIST: 1. various of sugar trading STORYLINE: The Egyptian Mercantile Exchange (EME) said it is adding sugar to its list of traded commodities starting Thursday. The EME has reached agreements with sugar production companies to offer the commodity for sale for the benefit of food producers, distributors and vendors, and packaging companies. Trading sugar on the EME will improve pricing efficiency, which means that all parties in the market will have a clear reference for pricing. The EME was established in January 2020 via a partnership between the Egyptian Exchange, the Internal Trade Development Authority, and the General Authority For Supply Commodities. Xinhua News Agency correspondents reporting from Cairo. (XHTV)