Egypt: Sudan Crisis Provides Further Blow to Egyptian Food Prices
The Sudan conflict has created a supply shortage in Egypt, causing food prices to soar. According to the Egyptian government, the situation will impact the beef supply and push prices higher. Egypt is looking into additional suppliers for cattle, including Somalia and Chad. Sudan's instability has hampered economic flows in and out of East Africa, since banking and customs procedures are centralized in Khartoum. Sudan is a major agriculture and livestock exporter, as well as a logistical hub for Africa. Egypt bought 110,000 head of live animals from Sudan in 2022. Egypt is predominantly a beef liver and premium cut market for the United States, thus the crisis is unlikely to provide new opportunities for US beef suppliers, but could have an indirect influence on U.S. poultry exports to Egypt.