Feed prices today in Egypt, Wednesday, November 16, 2022

Published 2022년 11월 16일

Tridge summary

Feed prices in Egypt are experiencing fluctuations due to global price declines, local inflation, and changes in the dollar exchange rate. The price of yellow corn has decreased by 50 pounds to 9750 pounds, while soybean meal has increased by 500 pounds. The scarcity of raw materials such as soybean meal, gluten, and corn in Egypt is attributed to the lack of supply from global markets, inflation, the increase in the value of the dollar, and the ongoing Russian-Ukrainian conflict. The Head of the Poultry Wealth Division at the Cairo Chamber of Commerce, Abdel Aziz Al-Sayed, has pointed out that the current prices are unprecedentedly high and that the situation is affecting the production capacities in factories.

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

Original content

Feed prices continued to fluctuate today, Wednesday 11-16-2022, and the price of a ton of yellow corn decreased by 50 pounds, to record 9750 pounds, and soybean meal rose by 500 pounds in the market, and soy, corn and sunflower are the most prominent ingredients of poultry feed. Traders confirmed that the imported gluten reached 31,200 pounds, while the local gluten reached 31,000 pounds per ton, and gluten is one of the most important feed ingredients. Feed prices today Traders said that the imported corn, which is the most important raw material for the production of final fodder, recorded EGP 9,750 in Argentine or Brazilian corn varieties, with global prices continuing to decline, local inflation and an increase in the dollar exchange rate. Traders added that the price of Ukrainian or Romanian corn recorded 9250 pounds, and Argentine cornflak 10450 pounds, without counting internal transportation and the profit of the retailer. Feed raw materials prices Traders pointed out that ...

Source: Almalnews