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FAS USDA: next season Egypt will increase the import of wheat
The following season (July-June) Egypt will increase wheat imports to 11.5 million tons, predicts the Foreign service of the Department of agriculture (FAS USDA)
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The gross wheat harvest as the area sown in Egypt will remain stable: 8.1 million tons and 1.26 million hectares. Domestic consumption of wheat will increase to 20 million tons, 0.3 million tons compared to the current season, mainly due to continuing population growth, and also due to the presence of refugees from Iraq, Syria, Libya, Yemen and Sudan.

The total number of refugees is estimated at 5 million. In the second half of the current season, consumption of high-quality pastries and bakery products declined after prices have doubled due to the weakening of the Egyptian pound. In the first half of the season, the price of flour with a yield of 72% was 3500 lb/ton in the second half it jumped up to 7000 lb/ton.

Private bakeries and large retailers raised prices on products from wheat flour, forcing consumers to switch to cheaper bread. Imports of wheat in the season 2017/18 will rise to 11.5 million tonnes, 0.5 million tonnes compared to the current season. From July 2016. on March 10, 2017. through the private sector were imported 3.31 million tonnes of wheat through state – 3,88 million tons

In the second half of March-April in Egypt there will arrive three more consignments of wheat, informed the contracted State Agency for the purchase of food of Egypt (GASC). By the end of next season the country will remain 2.55 million tonnes of wheat, which is 26% less than expected at the end of the current season. GASC usually maintains stocks of wheat at three or four months of consumption.

Inventories include purchased but not yet delivered into the country wheat. Search the database of the export of Russian grain to Egypt and tenders for the purchase of wheat GASC..

 



Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн
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