Egypt releases 121K tonnes of animal feed supplies worth $60M from ports in a week, says the Ministry Of Agriculture

Published Nov 1, 2023

Tridge summary

The Minister of Agriculture and Land Reclamation in Egypt, Elsayed Elkosayer, announced that the release of animal feed supplies, including maize and soybeans, will continue in cooperation with the Central Bank of Egypt. The total amount of supplies released from ports between October 20 and 26, 2022, was 121,000 tonnes, valued at $60 million. The purpose of releasing these supplies is to ensure the availability of essential feed ingredients for poultry and livestock and the minister is urging poultry project owners to lower prices and support the government's initiative.

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Original content

(MENAFN- Daily News Egypt) Elsayed Elkosayer, the Minister of Agriculture and Land Reclamation, announced that the release of animal feed supplies, such as maize and soybeans, will continue in coordination with the Central Bank of Egypt (CBE). He said that from 20 to 26 October of this year, 121,000 tonnes of these supplies, worth $60m, were released from ports. He added that the release consisted of 88,000 tonnes of maize for $31 and 33,000 tonnes of soybeans for $24, as well as fodder additives for $3. The total amount released from 16 October 2022 to 26 October 2023 reached 8.4 million tonnes, valued at $4. Elkosayer explained that the release aims to ensure the availability of maize and soybeans in the markets, which are essential for poultry and livestock feed production. He urged poultry project owners to lower their prices and join the government's initiative in ...

Source: Menafn