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بوابة الشروق
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Feed prices rise 33% locally
The prices of animal feed in the local market rose by 33% in September due to disruptions in the Black Sea. Geopolitical tensions in the region, along with escalations in attacks on Russian and Ukrainian ports, led to increased shipping costs, which in turn affected the prices of key feed components such as yellow corn, which rose to 16,000 Egyptian pounds per ton, and soybeans, which reached 27,000 pounds. This surge in feed prices caused a significant increase in the prices of animal products like eggs and poultry, with the price of eggs jumping to 120 pounds from 60 pounds, and chicken reaching 68 pounds per kilogram. Despite these increases, Egypt's imports of corn and soybeans grew by 15% and 23%, respectively, to compensate for the supply shortages caused by the disturbances in the region.
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