Cairo Restaurant owners protest over meat prices

 - Published:  29 April, 2010

Over a thousand restaurants in Cairo boycotted meat for the day on Monday after a huge rise in prices, the BBC reports.

Some 1,300 restaurants in the Egyptian capital were said to have boycotted meat for a day to protest at prices which have jumped by up to 10% in a four week period.

One importer told the BBC that a tonne of Brazilian beef now costs $700 (£457) more than it did last year.

Imports, which are estimated to make up to 40% of Egypt’s meat market, have also jumped in price with shipments now costing hundreds of dollars more than last year.

Some of the increases were blamed on a jump in the price of animal fodder just over a year ago which has caused Egyptian farmers to slaughter more of their livestock to avoid having to pay the cost of feeding them.

Livestock populations have therefore dwindled and after an initial glut of meat, the price rose. The BBC added that imported meat has also leapt in price.

>>Rising food prices could threaten global security, warns UN official





Comments


News, Events and Promotions
Find Suppliers, Manufacturers and Ingredients

Find your local butcher by postcode

Industry News Roundup
Have Your Say

Will the new FSA guidelines on E.coli damage butchers' businesses?

  • Yes
  • No
  • Maybe
Events Calendar

 

 

© William Reed Business Media Ltd 2012. All rights reserved. Registered Office: Broadfield Park, Crawley, RH11 9RT.
Tel: +44 (0) 1293 613400 Registered in England No. 2883992 VAT No. 644 3073 52.

Privacy Policy | Terms & Conditions