Egypt: The Ministry of Agriculture plans to increase the area of soybeans by 233%

Soybean

Maize (Corn)

Egypt

Published Dec 16, 2022

Tridge summary

The Ministry of Agriculture plans to increase the area of the soybean crop next year to 500,000 feddans, compared to 150,000 feddans at present, an increase of more than 233%, in order to alleviate the crisis of high fodder prices in Egypt currently. It is noteworthy that the soybean crop is planted in March and harvested in May of each year. A report issued by the Seed Department at the Ministry of Agriculture confirmed that soybean seeds will be provided covering half a million acres, compared to 150,000 acres currently.

Original content

The Ministry of Agriculture plans to increase the area of the soybean crop during the next year to 500,000 feddans, compared to 150,000 feddans at present, an increase of more than 233%, in order to alleviate the crisis of high fodder prices in Egypt currently. It is noteworthy that the soybean crop is planted in March and harvested in May of each year. A report issued by the Seed Department at the Ministry of Agriculture confirmed that soybean seeds will be provided covering half a million acres, compared to 150,000 acres currently. The report, of which Al-Mal obtained a copy, revealed that the Ministry of Agriculture has drawn up a plan to advance the area of fodder crops to narrow the gap between consumption and production, which are imported from abroad. It is noteworthy that 12 million tons of corn are imported annually, in addition to 5 million tons of soy from abroad, to meet the needs of the feed market inside Egypt. The prices of imported corn recorded 14,500 pounds for ...

Source: Almalnews