Egypt: Grain and Feed Update
FAS Cairo forecasts Egypt’s wheat production in marketing year (MY) 2017/18 at 8.1 million metric tons (MMT). Wheat imports are forecast in MY 2017/18 at 11.7 MMT. Imports in MY 2016/17 are revised downward from USDA’s official forecast figure of 11.5 MMT to 11.4 MMT due to limited access to foreign currency needed for wheat import purchases between July-October 2016. Corn imports are forecast in MY 2017/18 at 8.8 MMT. Post is revising downwards its MY2016/17 import figures to 8.7 MMT from USDA’s estimate of 9 MMT. Broken rice exports are forecast in MY 2017/18 at 100,000 MT, contingent on the government permitting the resumption of exports. Despite the accumulation of larger than normal stocks in MY 2016/17, Egypt continues to restrict rice exports.
