Egypt, Algeria, Morocco, and Nigeria are among the largest global wheat importers

Published 2024년 5월 15일

Tridge summary

The USDA forecasts Egypt as the world's largest wheat importer in the 2024/25 marketing year, recovering from a foreign exchange reserve crisis and aiming to restore inventories. Other significant African importers include Algeria and Morocco, while Nigeria ranks fourth. Global wheat production for 2024/25 is expected to increase to 798.2 million tons. China and India are projected to be the top two producers, with China's production reaching a record high. In Pakistan, high wheat prices have led to an increase in planted area, resulting in a larger crop.

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Original content

Egypt will be the largest global wheat importer in 2024/25 (July-June) as the country recovers from a foreign exchange reserve crisis and seeks to rebuild inventories, the US department of agriculture USDA said. “In addition to wheat milled for domestic use, Egypt is also expected to continue exporting some wheat flour to nearby countries such as Sudan. Drought conditions will necessitate larger imports in other North African countries, most notably Morocco,” USDA said in a recent report. Algeria is expected to be the second largest wheat importer in Africa at 8.5 million tons, followed by Morocco with 7.5 million tons, while Nigeria will be the fourth largest importer at 4.8 million tons. Global wheat production for 2024/25 is forecast at 798.2 million tons, up 10.5 million from the previous year, it said. The top 2 producing countries China and India are each up over ...

Source: UkrAgroConsult