Egypt will become the largest importer of wheat in the world in 2024/25

Published 2024년 5월 15일

Tridge summary

The United States Department of Agriculture (USDA) has forecasted that Egypt will emerge as the world's largest wheat importer in the marketing year 2024/25, with its grain imports projected to rise from the expected 11 million tons in the previous year to 12 million tons. This move comes as Egypt recovers from a foreign exchange reserve crisis and aims to restore its wheat supplies. Additionally, the USDA anticipates increased wheat import demands from other North African countries, including Algeria, Morocco, and Nigeria, due to an ongoing drought in the region. The total wheat imports by North African countries for the marketing year 2024/25 are expected to reach 31.5 million tons, up from 30.1 million tons in the current season. Egypt is also expected to continue exporting wheat flour to neighboring Sudan.

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

Original content

Egypt will become the world's largest wheat importer in MY 2024/25, according to USDA forecasts, as the country recovers from a foreign exchange reserve crisis and seeks to rebuild supplies. It is expected that the country's grain imports next season will amount to 12 million tons versus 11 million tons expected at the end of 2023/24 MY. Also, a May report by US analysts predicted that Egypt will continue to export a certain amount of wheat flour to neighboring countries such as Sudan. In addition, USDA expects increased demand for wheat imports from other North African countries as a result of the ongoing drought in the region. Thus, it is expected that next season Algeria will require about ...

Source: Oilworld