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๐Ÿ‡น๐Ÿ‡ณ Tunisia /Economy & Trade

Egg Prices Plummet in Tunisia, Producers Warn of Losses

From La Presse · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Tunisian egg producers are facing significant financial losses due to a sharp decline in egg prices.
  • This price drop is attributed to an imbalance between supply and demand, with production exceeding market needs.
  • Producers emphasize the need to support small and medium-sized farms to ensure market stability and protect consumer purchasing power.

The Tunisian egg market is currently experiencing a troubling downturn, with prices plummeting in recent weeks. Hassib Fekhfekh, president of the Tunisian Association of Consumer Egg Producers, has sounded the alarm, highlighting the continuous losses faced by farmers and poultry breeders.

This crisis stems primarily from a significant imbalance between supply and demand. Production levels have surged beyond what the market can absorb, leading to a dramatic collapse in prices. This situation directly impacts the livelihoods of breeders, who are struggling to cover their production costs amidst these falling revenues.

This situation is mainly due to an imbalance between supply and demand, marked by production higher than market needs, which has led to a collapse in prices.

โ€” Hassib FekhfekhExplaining the primary cause of the falling egg prices in Tunisia.

Fekhfekh stresses the critical importance of preserving the existing production model, which relies heavily on small and medium-sized producers. He argues that these smaller operations are the bedrock of market stability and play a crucial role in safeguarding the purchasing power of Tunisian consumers.

From Tunisia's perspective, ensuring the viability of our agricultural sector, including egg production, is paramount for food security and economic stability. While global markets might fluctuate, the focus here remains on supporting local producers who are the backbone of our supply chain. The government and relevant associations must work collaboratively to address this imbalance and prevent further hardship for our dedicated farmers.

They represent 'the main guarantee' for ensuring market stability and protecting consumers' purchasing power.

โ€” Hassib FekhfekhEmphasizing the vital role of small and medium-sized producers in the Tunisian economy.
DistantNews Editorial

Originally published by La Presse in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.