Egypt: Oilseeds and Products Annual

Egypt’s soybean imports in marketing year (MY) 2020/21 (October-September) are forecast at 3.8 million metric tons (MMT), up 100,000 MT from the MY 2019/20 estimate. Marketing year 2018/19 was another record year for U.S.-origin soybean exports to Egypt. The United States with 2.54 MMT was Egypt’s largest supplier of soybeans. Soybean meal consumption in MY 2020/21 is forecast at 3.2 million metric tons. Soybean oil consumption is forecast at 810,000 MT, up 1.25 percent from the MY 2019/20 estimate of 800,000 metric tons. Soybean, sunflower, and palm oil consumption for food and industrial use in MY 2020/21 is forecast at 2.42 MMT, up 1.6 percent compared to MY 2019/20. Imports of palm oil in MY 2020/21 are forecast at 1.16 MMT, up 3.5 percent from the MY 2019/20 estimate.

Egypt: Oilseeds and Products Annual