Egypt: Grain and Feed Update
Post is revising downward its wheat import forecast for MY 2016/17 by about 3.4 percent to a total of 11.8 MMT. Growing feed demand by the poultry, aquaculture and livestock sectors will increase corn exports to Egypt by approximately 3 percent from 8.35 MMT in MY 2015/16 to 8.6 MMT in MY 2016/17. FAS Cairo expects Egypt’s rice and broken rice exports to resume because of high production and large stocks. Post estimate rice exports at 500,000 MT in MY 2016/17 from MY 2015/16 forecast of 200,000 MT.
