MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGIONEgypt will see the investment of $100 million by China’s New Hope Group in the expansion of its animal feed operations. New Hope currently has five production facilities in Egypt producing 650,000 MT of animal feeds which will be increased to 1 MMT. New Hope has a 10 percent share of the Egypt animal feed market.Sri Lanka said that locally produced maize ethanol is affecting animal feed prices and is undercutting the price of sugarcane produced ethanol. Maize based ethanol is reported to be 80 percent cheaper to produce than cane ethanol. Cane ethanol producers have asked that a minimum price be set for all ethanol in order to protect local producers and to help the animal feed indus...