Feed prices today in Egypt, Friday, November 18, 2022

Published 2022년 11월 18일

Tridge summary

Fodder prices in Egypt are experiencing fluctuations, with key raw materials such as soymeal and soy seeds seeing price increases due to global factors like continued decline in global prices, local inflation, and currency exchange rate fluctuations. The imported gluten and corn prices have also seen decreases. The current prices of fodder and its inputs are deemed unprecedentedly high by Abdel Aziz Al-Sayed, head of the Poultry Wealth Division at the Cairo Chamber of Commerce, and are attributed to various factors including limited quantities of raw materials entering Egypt, inflation, and the increase in the value of the dollar, as well as the ongoing Russian-Ukrainian conflict.

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

Original content

Fodder prices continued to vary today, Friday 11-18-2022, and soybean meal and seed raw materials rose, a ton of soymeal, by 500 pounds, while a ton of soy seeds rose by 1,100 pounds and 500 pounds, respectively, during the past hours, and soy, corn, and sunflower are the most prominent ingredients of poultry feed. Traders confirmed that the imported gluten hit 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 Traders explained that the imported corn, which is one of the most important raw materials for the production of final fodder, recorded 9,650 pounds for Argentine/Brazilian corn instead of 9,750 pounds, with the continued decline in global prices, local inflation and the increase in the dollar exchange rate. Traders reported that the price of Ukrainian/Romanian corn recorded 9150 pounds, and Argentine cornflak 10350 pounds, without counting internal transportation and the retailer's ...

Source: Almalnews