Egypt: Oilseeds and Products Annual

  |   Attaché Report (GAIN)   |   EG2024-0008
FAS/Cairo (Post) forecasts Egypt’s soybean imports in marketing year (MY) 2024/25 (October – September) to increase by 14.8 percent from the previous marketing year, due to an influx of foreign currency into Egyptian banks. While the United States accounts for the majority of soybean exports to Egypt, U.S. soybeans are likely to face heavy competition from other origins due to pricing. Overall feed use of oilseed meal is also forecast to be on an upward trend driven by demand from end users. Higher levels of sunflower seed oil consumption and trade in the forecasted period will primarily be driven by competitive pricing in the global market, which has prompted both the public and private sector to increase sunflower seed oil imports. Total soybeans stock is forecast to decrease on account of an increase in crushing activity.

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