Egypt increased the imports of Ukrainian soybeans




According to APK-Inform, Ukraine shipped 430 thsd tonnes of soybean to Egypt in September-December of 2019/20 MY that is the record volume for the given period.

Ukraine did not export soybean to Egypt in September-December of 2018/19 MY while the total export reached about 280 thsd tonnes last season.  

Due to higher import, Egypt moved to the second place in the list of importers of Ukrainian soybean this season, with the share of 24% in the total volume of shipped Ukrainian oilseed.

Moreover, USDA forecast Egypt to increase import of soybean by 10% to record 3.7 mln tonnes in 2019/20 MY compared to 3.35 mln tonnes year ago.

Detailed information about the role of Egypt as one of the leading importers of soybean and vegetable oils to be analyzed during the session program of the international conference Middle East Grains&Oils Congress, to be held in Cairo, Egypt, on March 3.

Do not miss the opportunity to join the event!