Egypt: Prices of imported feed and raw materials today, Monday, November 4, 2024, after the rise in corn

On Monday, 4-11-2024, the United States saw a notable increase in the prices of feed and raw materials, impacting a wide range of agricultural products including broiler, laying hen, livestock, duck, rabbit, quail, turkey, camel, horse, and ostrich feed. The rise in prices is largely attributed to global market trends, with key factors such as the Russian-Ukrainian conflict, the conversion of corn into fuel in North and South America, and the liberalization of the dollar exchange rate contributing to the overall price surge. Specifically, broiler feed prices fluctuated between 18,500 and 22,000 pounds, while soybean meal prices increased, and the cost of imported corn also rose. Dr. Abdel Aziz El-Sayed, the head of the Poultry Wealth Division at the Cairo Chamber of Commerce, confirmed these price fluctuations, highlighting the significant impact on poultry feed prices, which vary depending on the quality and protein percentage of the feed, as well as the inclusion of freight costs.