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On June 27, 2024, the Egyptian Ministry of Trade and Industry signed Decree No. 361/2024. The Decree extended the shelf-life validity period for imported frozen beef liver from seven to twelve months and for frozen fish from six to ten months. The decree is valid for six months, as of July 1, 2024, and expires on December 31, 2024.
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.
On June 26, 2023, Egypt’s Minister of Trade and Industry (MTI) signed Decree No. 233 /2023.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
In 2022, the Egyptian government announced that feed costs increased by 40 to 45 percent. Beef prices also increased by 15 to 20 percent, discouraging per capita consumption. Prices are expected to continue increasing in response to the ongoing devaluation of the Egyptian pound and complex import procedures. Imports of Indian water buffalo increased to reach 150 thousand MT, while Brazilian beef imports are still limited.