Export market for Soybean in Kazakhstan (11월, 2022)

The article reports a significant increase in the market prices of key agricultural commodities in Egypt, including soybeans, corn, and wheat, during the latter half of November 2022. Soybean prices rose by nearly 3,000 Egyptian pounds to 33,000 pounds per ton, corn prices increased by 300 pounds to 10,500 and 11,200 pounds for different varieties, and wheatgrass saw a notable increase as well. This price hike is attributed to the high demand for these commodities and the global market trends. The Ministry of Agriculture has recently released 756,000 tons of fodder supplies to mitigate the impact on farmers. However, poultry producers are struggling with the rising costs of feed, particularly soybeans, which are essential for poultry diets and have doubled in price, reaching 29,000 Egyptian pounds per ton. This situation has led to concerns about the sustainability of poultry farming and calls for import authorizations to meet the sector's requirements. Furthermore, the article highlights the substantial imports of wheat, corn, and soybeans from various countries, especially France, Argentina, and Brazil, from the beginning of 2022, totaling 19.59 million tons, underscoring Egypt's dependency on these crops to support its agricultural sector and food production.