By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
    Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
    September 21, 2023
    GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
    GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
    September 21, 2023
    Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
    Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
    September 21, 2023
    Rolling Plus signs contract to establish tire factory with €1bn investments in SCZONE
    Rolling Plus signs contract to establish tire factory with €1bn investments in SCZONE
    September 21, 2023
    CBE to decide on interest rate on Thursday amid high inflation
    CBE to decide on interest rate on Thursday amid high inflation
    September 20, 2023
  • Politics
    PoliticsShow More
    Egyptian Health Minister highlights country's interest in local drug manufacturing
    Egyptian Health Minister highlights country’s interest in local drug manufacturing
    September 21, 2023
    Egypt leads meeting to urge global support for Sudan’s humanitarian crisis
    Egypt leads meeting to urge global support for Sudan’s humanitarian crisis
    September 20, 2023
    Egypt and EU co-chair GCTF meeting, reaffirm commitment to fighting terrorism
    Egypt and EU co-chair GCTF meeting, reaffirm commitment to fighting terrorism
    September 20, 2023
    Children dying in Sudan amid healthcare system collapse
    Children dying in Sudan amid healthcare system collapse
    September 20, 2023
    Egypt to announce presidential election timetable on Monday
    Egypt to announce presidential election timetable on Monday
    September 20, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Egypt importing meat, poultry from Russia is a political step
Share
Notification
Latest News
Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
Business
Egyptian Health Minister highlights country's interest in local drug manufacturing
Egyptian Health Minister highlights country’s interest in local drug manufacturing
Politics Egypt
GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
Business
Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
Business
Rolling Plus signs contract to establish tire factory with €1bn investments in SCZONE
Rolling Plus signs contract to establish tire factory with €1bn investments in SCZONE
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Egypt importing meat, poultry from Russia is a political step
Business

Egypt importing meat, poultry from Russia is a political step

Hisham Salah
Last updated: 2016/10/15 at 4:34 PM
By Hisham Salah 3 Min Read
Share
SHARE

Egypt’s Ministry of Agriculture and Land Reclamation approved 13 slaughterhouses in Russia to start importing meat and poultry on 7 October. The step is a first, as Egypt has never imported similar commodities from Russia before.

The step comes amid efforts to increase trade between both countries, according to the ministry’s announcement, following Russia’s lift of the ban on importing Egyptian agricultural products.

Experts see the approval as a step towards improving the political relationship between Egypt and Russia before the economic one.

Samir Sweilam, president of the Meat Importers Association, said that the government wants to pave the way forwards in its relationship with Russia. He believes that this is “one of the ways” Egypt would not utilise immediately, because Russia already imports meat and poultry from different countries.

Sweilam said that Russia cannot export what it already needs, explaining that Russia is not self-sufficient in meat and poultry.

According to the Observatory of Economic Complexity, Russia imported animal products for $12.7bn, of which 33.4% were meat products and 6.8% were poultry products.

“Brazilian meat and poultry have the best quality at the best prices,” said Mohamed Ryhan, a member of the butchers division at the Cairo Chamber of Commerce.

He noted that Brazilian animal food products are of premium quality, adding that it is the first time for him to hear that Egypt would import meat or poultry from Russia.

On another note, the Food and Agriculture Organisation’s Meat Price Index averaged 163.5 points in September, essentially unchanged from August.  Since January, when it hit a 5-year low, the index has risen by 12.6%.

The largest increase of the year so far has been recorded for pork, followed by ovine [lamb and mutton] and poultry, while bovine meat experienced only a limited rise.  Firm international demand, in particular from Asia, underpinned pork and poultry prices, while reduced international supplies reinforced those of ovine meat.

Meanwhile, a recovery in bovine meat production in the US has reduced the need for imports, contributing to a restrained international price increase for this commodity.

 

You Might Also Like

Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University

GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap

Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt

Rolling Plus signs contract to establish tire factory with €1bn investments in SCZONE

CBE to decide on interest rate on Thursday amid high inflation

TAGGED: Egypt, import, meat, Poultry, russia
Share this Article
Facebook Twitter Email Print
Previous Article Madinet Nasr Housing & Development reports 787% growth in sales for September
Next Article Egypt faces consequences of voting for Russian peace resolution
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
Business
Egyptian Health Minister highlights country's interest in local drug manufacturing
Egyptian Health Minister highlights country’s interest in local drug manufacturing
Politics Egypt
GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
Business
Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?