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FAS Cairo forecasts Egypt’s wheat imports in MY 2021/22 at 12.4 MMT
26.10.2021 14:52 "Agro Perspectiva" (Kyiv) —
FAS Cairo (Post) forecasts Egypt’s wheat imports in marketing year (MY) 2021/22 (July - June) at 12.4 MMT, up from the previous marketing year estimate due to higher consumption driven by population growth. FAS Cairo (Post) forecasts Egypt’s wheat production in marketing year (MY) 2021/22 (July - June) to reach 9 million metric tons (MMT), up by almost 1.1 percent compared to 8.9 MMT in MY 2020/21. Post attributes the rise to an increase in total area harvested which is set to come in at 1.4 million hectares (HA) compared to 1.39 million HA the previous year. FAS Cairo forecasts Egypt’s wheat imports in MY 2021/22 (July - June) at 12.4 MMT, up by approximately 2.14 percent from MY 2020/21 Post’s import estimate figure of 12.14 MMT. The latter was revised downward by 2.88 percent from USDA official estimate of 12.5 MMT. The largest foreign suppliers to the Egyptian market in MY 2020/21 (July - June) were Russia (8.13 MMT), Ukraine (2.45 MMT), followed by EU-28 (1.08 MMT). The General Authority for Supply Commodities (GASC) is Egypt’s largest wheat purchaser and in MY 2020/21, it imported 5.46 MMT of milling wheat compared to 6.33 MMT in MY 2019/20. The largest foreign suppliers to GASC in MY 2020/21 (July - June) include Russia (3.8 MMT), Ukraine (765,000 MT) followed by France (240,000 MT) and Romania (240,000 MT). FAS Cairo forecasts Egypt’s corn imports in MY 2021/22 (Oct - Sept) at 9.3 MMT, down by approximately 4.1 percent from Post’s MY 2020/21 estimate of 9.7 million metric tons. Post estimates for corn imports in MY 2020/21 is revised down by 3 percent from USDA official estimates. Egypt’s top three suppliers in MY 2019/20 (Oct - Sept) were Argentina (3.76 MMT), Ukraine (3.15 MMT), and Brazil (2.63 MMT). FAS Cairo forecasts Egypt’s milled rice production in MY 2021/22 (Oct - Sept) at 2.9 MMT, down by approximately 28 percent from Post’s milled rice production estimate of 4 MMT in MY 2020/21 (OctSept) which remains unchanged from the USDA official estimate. Post attributes the decrease to a reduction in total area harvested. Total area harvested is set to come in at 500,000 hectares compared to 700,000 hectares in the previous marketing year.
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