Egypt to import 700,000 tons of sunflower oil in MY 2024/25

Published 2024년 4월 8일

Tridge summary

According to the U.S. Department of Agriculture, Egypt is expected to import around 700 thousand tons of sunflower oil by the end of the 2024/25 season, marking a significant increase from previous years. This surge in imports is driven by competitive pricing and a trend towards blending sunflower oil with soybean oil. The report also notes a substantial rise in imports from 217.4 thousand tons to over 483.8 thousand tons in the 2023/24 marketing year, with Russia and Ukraine significantly increasing their exports to Egypt by offering sunflower oil at competitive prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Egypt will import about 700 thousand tons of sunflower oil at the end of the season-2024/25, forecast experts of the U.S. Department of Agriculture. They note that such volume will be achieved against the background of competitive prices for the product and increasing its share in blending with soybean oil. According to experts, in 2023/24 MY (October-March) the country has already imported more than 483.8 thousand tons of sunflower oil against 217.4 thousand tons in the same period of the last agricultural year. “rf and Ukraine have significantly increased their exports to the Egyptian market, they were able to offer sunflower oil cheaper ...

Source: UkrAgroConsult