Two African countries have seriously reduced soybean imports

Published 2023년 11월 21일

Tridge summary

Algeria and Egypt have decreased their soybean imports from major producers, such as the United States and Brazil. Algeria is expected to purchase 1.2 million tons of beans this year, 200,000 tons less than last year, with the United States experiencing the largest decline in exports. Egypt's purchases have decreased significantly, from four to 1.5 million tons, with a sharp increase in imports from Ukraine. The decrease in soybean imports is attributed to a shortage of foreign currency and the devaluation of national currencies.

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Original content

This year, Algeria and Egypt have significantly reduced the volume of soybean imports from major producing countries. This was reported by the German analytical agency OilWorld. In particular, the first country, according to analysts, can purchase 1.2 million tons of beans for all 11 months of this year, or 200 thousand less than last year. Supplies from the United States fell the most, from 422,000 to 201,000 tons. Brazil reduced exports from 921 to 790 thousand. At the same time, supplies of oilseeds from Canada increased almost threefold, from 110 thousand to 293 thousand tons. India may seriously reduce imports of vegetable oils The second importer's purchases decreased much more significantly - from four to one and a half million tons. Once again, the United States turned out to be the anti-leader, but this time soybean exports from there decreased even more seriously - by 4.5 times to 769 thousand tons. At the same time, export volumes from Ukraine ...

Source: Rosng