Egypt: Corn prices rise 300 pounds; poultry feed prices today, December 11, 2022

Published 2022년 12월 11일

Tridge summary

Poultry feed prices in Egypt have increased due to a rise in the price of imported yellow corn, soybean products, and gluten. The high prices of these key ingredients, along with the lack of local corn and the impact of the Russia-Ukraine conflict, have led to unusual price increases for fodder in the market. Despite the harvests and the liberalization of the dollar exchange rate in Egypt, the current prices are not sustainable for the production capacities in factories.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Poultry feed prices rose today, Sunday 11-12-2022, and the price of a ton of imported yellow corn increased by 300 pounds, to record 13,800 pounds for Brazilian and Argentine corn. Traders said about the disappearance of soybean products from the market significantly, with their prices rising globally and locally, and the existence of a parallel market for them. Local soybean prices ranged between 29,500 pounds to 30,000 pounds per ton, and the importer disappeared. Soy, corn and sunflower are the most important ingredients of poultry feed. feed prices Traders confirmed that the price of imported gluten reached 41.5 thousand pounds for 60% protein, while local gluten reached 41.3 thousand per ton, and gluten is one of the most important feed ingredients. Traders reported that the price of local soybean meal, 44% protein, reached 29,500 pounds, 46% protein, 39,000 pounds, and gluten 9,200 pounds. And the price of a ton of local flour stabilized at 7400 pounds per ton, and Al-Abad ...

Source: Almalnews