Egypt: The rise of yellow corn prices on Wednesday 4-1-2022

Published 2023년 1월 4일

Tridge summary

Fodder prices in Egypt have increased due to a rise in corn prices on international stock exchanges and the ongoing Russian-Ukrainian war. The price of Argentine corn has reached 15,400 pounds per ton, while Ukrainian or Romanian corn is 13,100 pounds per ton. Other raw materials such as soybean, wheat flour, and imported gluten have also seen price increases. The decline in quantities of these raw materials entering Egypt from the global markets, inflation, and an increase in the value of the dollar globally and locally have also contributed to the price hike.

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

Original content

Fodder prices rose again today, Wednesday 4-1-2022, at a value of 1,700 pounds per ton of Argentine or Brazilian corn - the raw material for fodder - to record 13,500 pounds instead of 12,000 pounds per ton, in light of the rise in corn prices on international stock exchanges, and the continuing repercussions of the Russian-Ukrainian war. Traders emphasized that the price of Ukrainian or Romanian corn recorded 13,100 pounds, and Argentine cornflak recorded 15,400 pounds per ton, without counting internal transportation and the profit of the retailer. Feed prices today Traders indicated that the price of soybean meal, 44% protein, reached 23 thousand pounds, 46% protein 25 thousand pounds, gluten 10300 pounds per ton, and local rice 9000 pounds per ton. Traders pointed out that the price of a ton of imported gluten was 44,000 pounds, the local gluten was 43,000 pounds, the local apostasy was 9,800 pounds, the gain of the servants was 20,500 pounds, and the American DDG was 18,500 ...

Source: Almalnews