Minister of Agriculture and Land Reclamation ElSayed Elkosayer has affirmed that there is continuous follow-up and full coordination with the Central Bank of Egypt (CBE) and with the support of the Prime Minister personally to release suitable quantities of corn, soybeans, and feed additives from Egyptian ports to support this industry.
He explained that during the period from 31 March to 6 April, 210,000 tonnes of corn and soybeans were released, at a value of $97m, an increase of 50,000 tonnes over last week.
He added that the release included 162,000 tonnes of corn, at a value of $59m, and 47,000 tonnes of soybeans, at a value of $35m, in addition to feed additives worth $3m, bringing the total of what was released during the period from 16 October 2022 to 6 April 2023, to about 3.756 million tonnes, including 2.702 million tonnes of corn, 1.054 million tonnes of soybeans and feed additives, with a total value of $1.85bn.
He confirmed that the release aims to provide quantities of corn and soy in the markets, which are the basic ingredients for poultry feed, as well as farm animals.
