{"id":584960,"date":"2023-04-09T00:00:00","date_gmt":"2023-04-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/emx-to-sell-yellow-corn-in-bid-to-support-flailing-poultry-industry\/"},"modified":"2023-04-09T00:00:00","modified_gmt":"2023-04-09T00:00:00","slug":"emx-to-sell-yellow-corn-in-bid-to-support-flailing-poultry-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/emx-to-sell-yellow-corn-in-bid-to-support-flailing-poultry-industry\/","title":{"rendered":"EMX to sell yellow corn in bid to support flailing poultry industry"},"content":{"rendered":"

<\/span>Feed suppliers can now register to buy yellow corn through the EMX: <\/span>The Supply <\/span>Ministry is selling imported yellow corn to poultry feed factories through the<\/span><\/a><\/span>Egyptian Mercantile Exchange<\/a><\/span> (EMX), according to <\/span>a ministry<\/a><\/span>statement<\/a><\/span>(pdf)<\/a><\/span>. Medium-sized poultry feed factories with production capacities of 20-100 tons per day can now register on the EMX<\/span><\/a><\/span>here<\/a><\/span>until <\/span>11 April<\/span>.<\/span><\/p>\n

Where is the corn going?<\/span> 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.<\/span><\/p>\n

Easing the feed crisis:<\/span> 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.<\/span><\/p>\n

ICYMI- Egypt\u2019s commodities exchange launched in November:<\/span> 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 <\/span>oil, sugar, rice, cotton, steel, and <\/span>gold<\/a><\/span>. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Buyers will only be able to sell the chicken feed they make to small farmers<\/p>\n","protected":false},"author":1,"featured_media":584961,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7305],"tags":[97,317,6404,72,564],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-584960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-agriculture","tag-commodities","tag-emx","tag-enterpriseam","tag-food","wpautop","entry"],"acf":{"mongo_id":"32ffe510-f219-4858-b44d-16882f3429ac","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/345.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian Mercantile Exchange to sell yellow corn to support flailing poultry industry","related_issue":[584951],"teaser":"Buyers will only be able to sell the chicken feed they make to small farmers","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.2c88aa1b-d71b-42d5-b1e2-8bd9edadb2e0.mp3"},"yoast_head":"\nEMX to sell yellow corn in bid to support flailing poultry industry - 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