Agriculture Ministry releases $115M worth of fodders in 7 days

Updated 5/30/2023 9:26:00 AM
Agriculture Ministry releases $115M worth of fodders in 7 days

Arab Finance: The Ministry of Agriculture announced the release of 254,000 tons of corn and soy fodders worth about $115 million during the period from May 19th to 25th, according to a statement on May 29th.

In coordination with the Central Bank of Egypt (CBE), nearly 221,000 tons of corn and 33,000 tons of soybeans were released at a value of $80 million and $25 million, respectively.

In addition, around $10 million worth of feed additives were released from ports.

This brings total releases over the period starting October 16th, 2022 to May 25th, 2023 to 5.2 million tons, including 3.9 tons of corn, 1.3 million tons of soybeans, and feed additives at a total value of $2.5 billion.

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