Egypt released 172,000 tonnes of fodder raw materials last week: Agriculture Minister

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Egypt released 172,000 tonnes of fodder raw materials from the ports, including corn and soybeans, at a value of $81m, last Wednesday and Thursday.

Minister of Agriculture and Land Reclamation El-Sayed El-Kosayer revealed that this was done in coordination with the Central Bank of Egypt (CBE) and through the banking sector.

This came within the framework of the state’s efforts to make special arrangements for the successive release of all goods in the ports.

Egyptian Prime Minister Moustafa Madbouly announced that goods worth about $300m were released during these two days.

El-Kosayer explained that the release included 146,000 tonnes of corn at a value of $58.4m, 26,000 tonnes of soybeans at a value of $19.2m, and feed additives worth $3.4m.

According to the Egyptian minister, the total released fodder raw materials, during the period from October 16 to December 22, 2022, amounted to about 1.427 million tonnes, at a value of $713m, including 971,000 tonnes of corn, and 456,000 tonnes of soybeans and feed additives.