The wheat harvest in Egypt may turn out to be larger than forecast

게시됨 2024년 9월 30일

Tridge 요약

Egypt is projected to have a higher wheat crop in 2024-25 due to increased acreage and higher yields, with an estimated harvest of 9.2 million tons. The government's high purchase prices and foreign exchange inflows have encouraged farmers to sow more wheat, leading to increased imports estimated at 12.5 million tons. Egypt, a key supplier of wheat flour, has expanded its flour exports to Africa and the Middle East, especially due to crises in the region. From January to May, wheat flour exports increased by 250% compared to the previous year.

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원본 콘텐츠

Egypt may harvest a larger than expected wheat crop in 2024-25 as the government encourages more acreage and higher yields, World Grain reports. The wheat harvest is estimated at 9.2 million tons, compared to 8.87 million tons a year earlier. High government purchase prices also encouraged farmers to sow more wheat. Wheat imports are estimated at 12.5 million tons, which is 11.4% more than the previous estimate, but the same as in 2023-24. “Foreign exchange inflows helped release cargoes stored at ports and facilitated imports of staple goods (including wheat) for both the public and private sectors. Moreover, the decline in international wheat prices has also contributed to both the private and public sectors trying to maximize purchases at reduced prices,” the USDA report said. Egypt is a key supplier of wheat flour to many countries in Africa and the Middle East. It has significantly expanded its flour exports to the region while continuing to build processing capacity. The ...

출처: Elevatorist