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Egyptian marketing year (MY) 2023/24 wheat imports are estimated at 12.0 million metric tons (MMT), up by 6.9 percent from MY 2022/23 due to lower area and production.
The General Food Security Authority (GFSA), an agency of the Saudi Ministry of Environment, Water and Agriculture (MEWA), purchased approximately 1.2 million metric tons (MMT) of locally produced wheat in MY2022/23.
Post estimates marketing year (MY) 2023/24 wheat consumption to decrease to 4.5 million metric tons (MMT) or 10 percent from USDA's official estimate.
Since December 2022, rainfall across most of Iraq has been positive, expected to result in favorable yields and increased production for winter crops wheat and barley, with rice expected to rebound this summer for marketing year (MY) 2023/24.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
Rice import for MY 2023/24 is forecast to increase by 4 percent as flooding curbs domestic production and increases imports.
FAS Amman (Post) forecasts Jordan’s wheat imports in MY 2023/24 to reach 1.25 million MT. The Russian war on Ukraine directly impacts Jordan, as most of Jordan's wheat and barley come from Black Sea.
Strong tourism, high petroleum rents, and an accompanying economic boom in the United Arab Emirates are forecast to grow the consumptive base and drive imports of wheat and rice higher in the coming marketing year.
FAS Cairo (Post) forecasts Egypt’s wheat imports in marketing year (MY) 2023/24 (July – June) to increase by almost 2.9 percent from the previous marketing year due to population growth.
Recent available data indicates that Saudi Arabia imported approximately 2.7 million metric tons (MMT) of barley in the first six months of MY 2022/23 (July – December 2022), an increase of approximately 11% compared to the same period last year (2.46 MMT).
Nigeria wheat millers are diversifying their sources of wheat import due to the Russia-Ukraine crisis. FAS Lagos (Post) estimates wheat imports for MY 2022/23 at 6 million metric ton (MMT), a 3 percent reduction from last year’s Post estimate. Meanwhile, insurgency and floods in the northern part of the country greatly impacted corn and rice production respectively.
FAS Cairo (Post) forecasts Egypt’s wheat imports in marketing year (MY) 2022/23 (July – June) at 11.0 MMT, down from the previous marketing year estimate of 11.5 MMT. Egypt was able to secure a steady supply of wheat through diversification of wheat origins whether through tenders or implementing direct purchasing of wheat from several countries.