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FAS Cairo (Post) forecasts Egypt’s wheat production in MY 2020/2021 to reach 8.9 MMT
11.09.2020 13:35 "Agro Perspectiva" (Kyiv) —
Following are selected highlights from a report issued by a U. S. Department of Agriculture attache in The Cairo (Egypt), FAS Cairo (Post) forecasts Egypt’s wheat production in marketing year (MY) 2020/2021 (July-June) to reach 8.9 million metric tons (MMT), up by almost 1.5 percent compared to 8.77 MMT in marketing year 2019/20. Post attributes the rise to an increase in total area harvested; total area harvested is set to come in at 1.39 million hectares compared to 1.37 million hectares the previous year. FAS Cairo forecasts Egypt’s wheat imports in MY 2020/21 (July-June) at 12.9 MMT, up by 1.57 percent from MY 2019/20 Post’s import estimate figure of 12.7 MMT. The latter was revised downward from the USDA official estimate of 13.3 MMT driven by lower demand due to closure of hotels, restaurants, cafes and patisseries amid the COVID-19 pandemic. The largest foreign suppliers to the Egyptian market in MY 2019/20 (July-June) included Russia (6.22 MMT), Ukraine (3.8 MMT), followed by EU-28 (2.29 MMT), and Australia (216,448 MT). GASC is Egypt’s largest wheat purchaser and in MY 2019/20, it issued 25 tenders importing 6.33 MMT of milling wheat compared to 26 tenders in MY 2018/19 importing 6.49 MMT of milling wheat. From July 1 — September 1, 2020, GASC issued 12 tenders to import 3.43 MMT. The largest foreign suppliers to GASC in MY 2020/21 (July-June) include Russia (2.84 MMT), Ukraine (530,000 MT) and Romania (60,000 MT). FAS Cairo forecasts Egypt’s corn imports in MY 2020/21 (Oct — Sept) at 11 MMT, up 4.76 percent from Post’s MY 2019/20 estimate of 10.5 million metric tons. Post estimates for corn imports in MY 2019/20 remains unchanged from USDA official estimates. Egypt’s yellow corn production covers less than 25 percent of its feed demand needs. Imports are supplementing the feed manufacturing industry’s current production. Egypt’s top three suppliers in MY 2019/20 (Oct -June) were Ukraine (3.12 MMT), Argentina (2.96 MMT), and Brazil (1.15 MMT). FAS Cairo forecasts Egypt’s milled rice production in MY 2020/21 (Oct-Sept) at 4.0 MMT, down by 7.5 percent from Post’s milled rice production estimate of 4.3 MMT in MY 2019/20 (Oct-Sept) which remains unchanged from the USDA official estimate.
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