Browse Data and Analysis

Egypt maintains a steady production of sugarcane, however sugar beet production areas are expanding. FAS Cairo (Post) forecasts refined sugar production in marketing year (MY) 2022/23 to increase by approximately 2.5 percent, or 70,000 metric tons (MT), to reach 2.92 million metric tons (MMT).

Despite the weakening of the Thai baht to a four-month low, rice export prices increased 1-3 percent as exporters sought rice supplies to fulfill contracted shipments.

Rice export prices decreased one percent due to the weakening of the Thai baht.

In market year (MY) 2022/23, cotton area harvested is forecast to increase 14 percent to 97,000 hectares (ha), from 85,000 ha in MY 2021/22. Post estimates MY 2022/23 production at 320,000 bales compared to 280,000 bales in MY 2021/22.

Rice export prices remain unchanged as most rice businesses are closed until next week due to the Thai New Year's holiday.

Sugar production recovered to normal levels between 10 and 11 million metric tons in MY2021/22 and will remain at those same levels in MY2022/23 due to high fertilizer costs and limited acreage expansion. The recovery in exportable sugar supplies will help boost raw and refined sugar exports in MY2021/22 and MY2022/23.

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.

Rice export prices remain unchanged despite the strengthening of the Thai baht.

Marketing year 2020/21 was another record year for U.S.-origin soybean exports to Egypt. The United States, with 2.53 MMT in exports, was Egypt’s largest supplier of soybeans. Egypt’s soybean imports in marketing year (MY) 2022/23 (October-September) are forecast at 4.0 million metric tons (MMT), up 400,000 MT from the MY 2021/22 estimate.

Marketing Year (MY) 2022/23 soybean imports are expected to increase 5 percent from a slow import growth in MY2021/22, driven by the recovery in hotel and food service sector. Palm oil production in MY2021/22 and MY2022/23 is expected to continue the upward trend.

The government reduced the biodiesel mandatory blend rate from 10 percent to 7 percent in 2022. However, the current blend rates during February 5 – March 31, 2022, were set in range with a minimum of B5 for diesel fuel to help curb retail prices of diesels.

FAS Bangkok (Post) forecasts marketing year (MY) 2022/23 cotton imports slightly larger than MY2021/22 in line with the global economic recovery and anticipated rising demand from key foreign trade partners. There has been a significant increase of imported cotton in MY2021/22 due to foreign customers’ pent-up demand for both textile and garment products from the previous years.