Corn prices rise, feed prices today, November 8, in Egypt

Published 2022년 11월 8일

Tridge summary

Feed prices in Egypt have surged due to a combination of factors including global price increases, local inflation, and the depreciation of the dollar. The cost of imported corn and soybeans has risen significantly, impacting the price of poultry feed. Additionally, the absence of slaves in the market has further increased costs. The Head of the Poultry Wealth Division in the Cairo Chamber of Commerce, Abdel Aziz El-Sayed, has pointed out that the current feed prices are unjustifiably high and not sustainable for the industry. The article also mentions the introduction of contract farming for corn by the Ministry of Agriculture this season.

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

Original content

Feed prices witnessed an increase today, Tuesday 8-11-2022, and a ton of imported corn recorded an increase of about 100 pounds, and imported soybeans 23,900 pounds per ton, and a ton of soybeans Hi-fat seed imported protein 43% about 22,600 pounds per ton, and soy and corn are the most prominent components of feed poultry. The traders added that the imported gluten recorded 31,200 pounds, while the local gluten recorded 31,100 pounds per ton, and corn and gluten are among the most prominent components of the feed. Feed raw materials prices Traders revealed that imported corn, which is the most prominent raw material for production of final fodder, was recorded in Argentine or Brazilian corn varieties at 10,300 instead of 10,200 pounds, with prices continuing to rise globally, local inflation and an increase in the dollar exchange rate. The merchants added that the price of Ukrainian/Romanian corn recorded 9800 pounds, and Argentine popcorn 11,000 pounds, not counting the internal ...

Source: Almalnews