Egypt: Oilseeds and Products Annual

Egypt’s soybean imports in marketing year (MY) 2019/20 are forecast at 4 million metric tons (MMT), up 500,000 MT from the MY 2018/19 estimate. Imports are driven by expanded local crush capacity and the demand for high-protein soybean meal and high quality oil for food use. In calendar year 2018, the United States with 3 MMT was Egypt’s largest supplier of soybeans. Soybean meal consumption in MY 2019/20 at 3.2 MMT is up 3 percent from the MY 2018/19 estimate. Soybean oil consumption is forecast at 810,000 MT, up 2.5 percent from the MY 2018/19 estimate of 790,000 metric tons. Soybean, sunflower and palm oil consumption for food and industrial use in MY 2019/20 is forecast at 2.5 MMT, up 5 percent compared to MY 2018/19. Imports of palm oil in MY 2019/20 are forecast at 1.3 MMT, up 8 percent from the MY 2018/19 estimate. 

Egypt: Oilseeds and Products Annual