EMX to sell yellow corn in bid to support flailing poultry industry

Feed suppliers can now register to buy yellow corn through the EMX: The Supply Ministry is selling imported yellow corn to poultry feed factories through theEgyptian Mercantile Exchange (EMX), according to a ministrystatement(pdf). Medium-sized poultry feed factories with production capacities of 20-100 tons per day can now register on the EMXhereuntil 11 April.

Where is the corn going? Poultry feed factories should use the corn to make and sell fodder to small poultry breeders that have a maximum production capacity of 20k birds per year, according to the statement. Factories must disclose the buyers and the quantities of feed sold.

Easing the feed crisis: Egyptian poultry companies have struggled to obtain chicken feed over the past year as capital controls and a shortage of foreign currency prevents importers from bringing supplies into the country.

ICYMI- Egypt’s commodities exchange launched in November: Traders are currently able to buy and sell only wheat on the EMX but the Supply Ministry intends to expand the list of tradable commodities to eventually include oil, sugar, rice, cotton, steel, and gold.