Dr. Ibrahim Ashmawy, the First Assistant Minister of Supply and Internal Trade and Chairman of the Board of Directors of the Egyptian Commodity Exchange, announced the addition of the yellow corn commodity to the platform of the Egyptian Stock Exchange for Commodities. The commodity was displayed for trading by the Supply Commodities Authority of the Ministry of Supply and Internal Trade on Thursday, April 13, marking the first trading session for yellow corn, which is a vital commodity for the Egyptian commodity industry. The purpose of offering this commodity is to increase its supply for small poultry breeders, allowing them to purchase feed at fair prices. The Supply Commodities Authority will sell another share of yellow corn on Tuesday in an exceptional session through the Egyptian Stock Exchange. 36 feed factories have registered on the Egyptian Commodity Exchange thus far, while the registration procedures are being taken by other companies. Dr. Ibrahim Ashmawy appreciated the decision to sell yellow corn through the Egyptian Commodity Exchange, as it will mitigate the impact of price fluctuations for commodities, grains, and grains worldwide due to supply chain disruptions caused by geopolitical changes. Trading for the yellow corn commodity on the Egyptian Commodity Exchange came after successful trading of the wheat commodity.
Books – Medhat Wahba
Saturday, April 15, 2023 11:38 AM
Dr. Ibrahim Ashmawy, First Assistant Minister of Supply and Internal Trade and Chairman of the Board of Directors of the Egyptian Commodity Exchange, announced that a new strategic commodity has been added. yellow corn On the platform of the Egyptian Stock Exchange for Commodities, as of Thursday, April 13, when the Supply Commodities Authority of the Ministry of Supply and Internal Trade displayed the yellow corn commodity on the Egyptian Stock Exchange platform for trading, in the first trading session for yellow corn to make available this basic commodity, which is the most important entry point for the Egyptian commodity industry. feed.
Dr. Ali Al-Moselhy, Minister of Supply
Ashmawy explained that, in coordination with Dr. Ali Al-Moselhy, Minister Supply And in internal trade, it was decided to offer the yellow corn commodity by the Supply Commodities Authority through the Egyptian Stock Exchange platform for commodities, in order to increase the supply of “yellow corn commodity” for the benefit of small poultry breeders, by offering this commodity to feed factories with production capacities from 20 to 100 tons / day These factories must resell the feed in its final form at a fair price to small poultry producers, and it is expected that the Supply Commodities Authority will sell another share of yellow corn next Tuesday in an exceptional session through the Egyptian Stock Exchange for commodities for the benefit of the feed factories, provided that two sessions are held per week. for the yellow corn commodity on Mondays and Thursdays, respectively.
36 “feed factories” companies registered on the Egyptian Commodity Exchange after they met the requirements of membership of the stock exchange. 5 operations have already been implemented and registration procedures are being taken by other companies..
The trading of the yellow corn commodity on the Egyptian Commodity Exchange came after the successful trading of the wheat commodity on the Egyptian Commodity Exchange as of November 2022, when approximately 570,000 wheat have been traded so far, in more than 38 trading sessions for an average number of 100 milling companies. per session.
Dr. Ibrahim Ashmawy
Ashmawy appreciated the intervention of the Supply Commodities Authority of the Ministry of Supply and Internal Trade in selling yellow corn through the Egyptian Commodity Exchange. He considered this matter a great addition in favor of poultry producers to mitigate the impact of price fluctuations for commodities, grains and grains worldwide as a result of supply chain disruptions as a result of the geopolitical changes taking place. the world.
In conclusion, the addition of yellow corn to the Egyptian Commodity Exchange platform is a significant step towards supporting the poultry industry in Egypt. With the Supply Commodities Authority offering this commodity through the stock exchange, small poultry breeders will benefit from the increased supply of yellow corn, which is an essential feed ingredient. The success of wheat commodity trading on the same platform in November 2022 was a positive indicator for this new commodity. The Egyptian Commodity Exchange’s efforts to stabilize commodity prices and mitigate the impact of global supply chain disruptions are commendable. We hope that this initiative will lead to further developments in the Egyptian agricultural sector, supporting farmers and contributing to the country’s economic growth.