Egypt: Livestock and Products Annual
Link to report:
Egypt's economy is under pressure due to rising inflation and the impact of Russia's invasion of Ukraine -- Egyptian food prices are rising and U.S. dollars are increasingly hard to access. As Egypt only produces 35 percent of its national feed requirements, increases in international feed prices have led to a higher rate of slaughter and a decrease in the size of the Egyptian herd. The ongoing conflict in Sudan, Egypt's largest supplier of live cattle, is exerting additional pressure on the Egyptian beef and dairy producer. Live cattle imports are projected to be cut in half in 2023. While domestic beef production is on the rise, due to a higher rate of slaughter, imports are expected to fall precipitously due to the lack of available U.S. dollars. Accordingly, FAS/Cairo forecasts Egypt's 2024 domestic beef consumption will decrease by almost six percent.
