Egypt’s Prime Minister Reviews Measures to Boost Red Meat Supply and Stabilize Prices

Egypt’s Prime Minister Mostafa Madbouly recently chaired a high-level meeting focused on strategies to increase the availability of red meat in local markets and maintain stable prices, according to an official statement.

The meeting included key officials such as Minister of Agriculture Alaa El-Din Farouk, Deputy Minister of Agriculture Mostafa El-Sayyad, Deputy Minister of Foreign Affairs Abu Bakr Hefny, and representatives from the Armed Forces and Central Bank. Their discussions highlighted President Abdel Fattah Al-Sisi’s directive to secure basic commodity stocks and deliver affordable prices to citizens.

Madbouly emphasized expanding daily markets and improving red meat supplies as vital to price stability. Minister Alaa El-Din Farouk detailed ongoing efforts to increase quarries and slaughterhouses and to operate numerous fixed and mobile outlets selling meat at reduced prices nationwide, especially ahead of Eid al-Adha.

Egypt requires approximately one million tonnes of red meat annually, with local production accounting for 600,000 tonnes. The government is encouraging private sector investments to increase imports and boost local production capacity. Deputy Minister El-Sayyad noted broadening import sources, focusing on African nations with developed livestock sectors.

Government support includes building new infrastructure such as slaughterhouses and refrigeration facilities. Additionally, the launch of a factory for infant formula production aims to reduce dependency on imports, in line with national strategic goals.

Collectively, these measures seek to enhance food security, reduce inflationary pressures, and ensure affordable essentials for Egyptian households.

Source: Daily News Egypt