Feed prices today in Egypt, Monday, November 14, 2022

Published 2022년 11월 14일

Tridge summary

Feed prices in Egypt have seen a decrease with changes in global prices, local inflation, and exchange rates, affecting the weight of imported corn, sunflowers, soy, and local gluten. The decline in feed raw materials such as soybean meal, gluten, and corn inside Egypt is attributed to the lack of global quantities entering Egypt, inflation, increased global dollar value, and the Russian-Ukrainian conflict. The Head of the Poultry Wealth Division in the Cairo Chamber of Commerce, Abdel Aziz El-Sayed, notes that the current feed prices are unprecedentedly high and that the production capacities in factories, which have been inactive for a long time, require more raw materials than are currently available on the global market.

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

Original content

Feed prices fell today, Monday, 11-14-2022, and a ton of imported corn scored 9750 pounds instead of 10,200 pounds last week, and sunflowers gained 11 thousand pounds instead of 12 thousand pounds, and soy, corn and sunflowers are the most prominent components of poultry feed. Traders confirmed that the imported gluten recorded 30 thousand pounds instead of 31,200 pounds, while the local gluten amounted to 29 thousand pounds instead of 31,100 pounds per ton, and gluten is one of the most important components of feed. Feed prices today Traders said that imported corn is the most prominent raw material for final fodder production. It was recorded in Argentine or Brazilian corn varieties of 9750 pounds instead of 10200 pounds, with the continued decline in global prices, local inflation and an increase in the dollar exchange rate. Traders added that the price of Ukrainian/Romanian corn, recorded 9,500 pounds instead of 9,800 pounds, and Argentine corn flakes 10,500 instead of 10,800 ...

Source: Almalnews