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On November 18, 2020, the Egyptian Cabinet approved a draft bill that exempts importers of key commodities from paying value-added tax (VAT) on shipping costs.
Crop conditions look normal overall, which indicate optimistic forecasts for Algeria’s MY2020/21 grain crop.
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.
Post forecasts Tunisia’s MY 2020/21 soybean imports to reach 720,000 MT, compared to 680,000 MT in MY 2019/20, while at the same time, olive oil exports are forecast to reach 130,000 MT....