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FAS/Cairo (Post) forecasts Egypt’s soybean imports in marketing year (MY) 2025/26 (October – September) to increase by 5.0 percent from the previous marketing driven by a flexible exchange rate, the availability of forex and a more positive outlook for the livestock sectors.
The installation of Bangladesh’s Interim Government in August 2024, has led to a renewed focus on macroeconomic stability, which will enable increased exports to the market as restrictions on Letters of Credit ease as foreign currency reserves stabilize.
Tunisian MY 2025/26 soybean imports are expected to reach 535,000 MT, compared to 530,000 MT in MY 2024/25 as demand for animal feed increases slightly.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
FAS/Cairo (Post) forecasts Egypt’s soybean imports in marketing year (MY) 2024/25 (October – September) to increase by 14.8 percent from the previous marketing year, due to an influx of foreign currency into Egyptian banks.
Despite economic challenges and high feed prices, demand for feed is expected to grow in Bangladesh as large commercial poultry farms expand their operations and some major feed producers have initiated contract poultry farming.
Tunisian MY 2024/25 soybean imports are expected to reach 555,000 MT, compared to 550,000 MT in MY 2023/24 as demand for animal feed increases slightly.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
Egyptian traders and crushers continue to demand sustainability and quality of supply, both of which are key features of U.S.-origin soybean. This demand produced another record year for U.S.-origin soybean exports to Egypt with 4.07 MMT in exports, was by far Egypt’s largest supplier of soybeans in marketing year 2021/22.
For marketing year (MY) 2023/24, Post’s soybean import forecast is 2.4 million MT, on Bangladesh rebounding from its current economic slowdown, while local soybean production remains flat.
Tunisian MY 2023/24 soybean imports are expected to reach 540,000 MT, compared to 510,000 MT in MY 2022/23. Tunisian olive oil exports are forecast to reach 200,000 MT in MY 2023/24, compared to 155,000 MT in MY 2022/23.
On June 2, 2022, the Government of Morocco suspended customs duties on sunflower, soybean, and rapeseed. This measure will take effect starting June 3, 2022 and continue until further notice. This decision is intended to protect citizens’ purchasing power in the face of rising global prices of various essential goods.