5.4 million tonnes of fodder supplies were released from ports from 16 October 2022 to 1 June, with total value of $2.6bn
Elsayed Elkosayer, Minister of Agriculture and Land Reclamation, has announced that the release of 156,000 tonnes of corn, soybeans, and feed additives worth about $78m from different Egyptian ports, in coordination with the Central Bank, from 26 May to 1 June.
He explained that the supplies included 104,000 tonnes of corn worth about $37m, 52,000 tonnes of soybeans worth about $39m, and feed additives worth about $1.5m.
Elkosayer pointed out that the total fodder supplies released from ports from 16 October 2022 to 1 June amounted to 5.4 million tonnes, including 4 million tonnes of corn, and 1.4 million tonnes of soybeans and feed additives, with a total value of $2.6bn.
He confirmed that the release aims to provide quantities of corn and soy in the market, which are the basic ingredients for poultry feed, as well as farm animals.
He explained that there is continuous follow-up and full coordination with the Central Bank and with the support of the Prime Minister personally to release appropriate quantities of corn, soybeans, raw materials, and feed additives from Egyptian ports to support this industry.