Egypt: 136,000 tons of fodder, worth $58 million, were released within 6 days

Published 2023년 2월 27일

Tridge summary

The article highlights a significant announcement by the Minister of Agriculture and Land Reclamation, Mr. Al-Qaseer, regarding the release of 136,000 tons of corn and soybeans worth approximately $58 million, including 117,000 tons of corn and 19,000 tons of soybeans, along with feed additives, bringing the total release from October 16, 2022, to February 23, 2023, to 2.746 million tons and $1.367 billion. This initiative aims to meet the market demand for corn and soy, crucial for poultry and farm animal feed, and is part of the government's efforts in managing the release of these commodities, in collaboration with the Central Bank and the Poultry Federation.

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

Original content

Mr. Al-Qaseer, Minister of Agriculture and Land Reclamation, announced that during the period from 2/17/2023 to 2/23/2023, 136,000 tons of corn and soybeans, worth about $58 million, were released. He added that the release includes 117,000 tons of corn, at about $42 million, and about 19,000 tons of soybeans, at a value of about $14.2 million, as well as feed additives at about $1.4 million, bringing the total of what was released during the period from (October 16, 2022 to February 23, 2023) 2,746. One million tons, including 1.948 million tons of corn, 798 thousand tons of soybeans and feed additives, with a total amount of $1.367 billion. Al-Qusayr added that this comes within the framework of following up the implementation of the directives of Dr. Mostafa Madbouly, Prime Minister, regarding the release of production requirements from Egyptian ports, indicating that the release aims to provide quantities in the market of corn ...

Source: Almalnews