Egypt: Poultry feed records 26,900 pounds per ton of paddy fodder

Published May 30, 2023

Tridge summary

Prices of fodder raw materials have increased in the markets, with soybean meal rising by 2000 pounds per ton and bran / bran increasing by 300 pounds, while corn, gluten, and wheat flour prices remained stable. This increase is expected to impact the price of poultry feed. The poultry sector is currently facing slow imports and needs government action to increase the areas of feed raw materials. The release of 225,000 tons of corn and soybeans worth $102 million by the Minister of Agriculture is part of the government's efforts to address this issue. The rise in soybean prices is attributed to increased demand, and there is a call for more release of corn and other production requirements to reduce poultry prices in the markets.

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

Original content

Today, Tuesday, the markets witnessed a rise in the prices of fodder raw materials. The soybean meal jumped by 2000 pounds per ton, while the bran / bran rose by 300 pounds, while the prices of corn, gluten and wheat flour were stable. Abdel Aziz Al-Sayed, head of the Poultry Wealth Division confirmed to Al-Mal that a ton of soybean meal ranged between 38 and 39 thousand pounds instead of 36 and 37 thousand pounds, noting that the prices of Argentine and Brazilian corn reached 14.6 thousand pounds, and the Ukrainian 12.5 thousand pounds. Al-Sayed revealed that a ton of apostate or bran has risen to 11 thousand pounds today instead of 10,700 yesterday, indicating that these prices will be reflected in the price of poultry feed that depends on raw materials in manufacturing, noting that a ton ranges between 24.5 thousand to 26.9 thousand pounds for the type of fattening. Al-Badi “protein 23%. He explained that the poultry sector is still suffering from slow imports, calling for the ...

Source: Almalnews