US explores Africa as a potential new market for soy exports

on four key countries — Egypt, Ghana, Nigeria, and Tanzania. Egypt remains the most stable and largest importer, with soybean demand growing at 4.5% annually and the U.S. supplying nearly 70% of total imports. The country continues expanding its domestic crushing capacity, largely meeting its own needs for soybean oil and meal, while keeping import tariffs on raw oilseeds low. Nigeria shows strong demand for animal feed and vegetable oils, but its import potential is constrained by a shortage of foreign currency and strict trade controls. Ghana, despite a growing need for soybean meal, imports very little due to a burdensome tax regime that significantly increases the cost of imported soy products. Tanzania focuses on domestic production of sunflower oil and other oilseeds but cannot meet national demand. The country relies heavily on imports of palm oil and soybean meal from neighboring states, while trade with the U.S. is hindered by distance and limited logistics capacity. GMO ...