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Côte d’Ivoire ranks as Africa’s second largest producer of crude palm oil (CPO); trailing just behind Nigeria’s production, it is a pivotal player in the sub-Saharan regional market.
Côte d'Ivoire is one of the leading producers of palm oil in Africa, with annual production exceeding 500,000 metric tons since 2018. The country consumes over 75% of its palm oil production domestically, with palm oil being a staple for 90% of the population. The high domestic demand for palm oil outstrips supply, creating intense competition for fresh fruit bunches (FFB).
Egyptian traders and crushers continue to demand sustainability and quality of supply, both of which are key features of U.S.-origin soybean. This demand produced another record year for U.S.-origin soybean exports to Egypt with 4.07 MMT in exports, was by far Egypt’s largest supplier of soybeans in marketing year 2021/22.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
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 2019/20 was another record year for U.S.-origin soybean exports to Egypt.
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.
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.
Egypt’s soybean imports in marketing year (MY) 2018/19 are forecast at 2.8 million metric tons (MMT), up 400,000 MT from the MY 2017/18 estimate of 2.4 MMT.
The report lists and describes certificates that should accompany food and agricultural products to Egypt.
Soybean imports are expected to reach 3.1 million metric tons (MMT), reflecting additional crush capacity to increase domestic soybean meal and oil production.
Soybean imports are expected to reach 2.42 million metric tons (MMT), reflecting additional crush capacity, as well as strong soybean meal and oil demand.