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Egypt imposed an EGP 900 ($101.35) per metric ton tax on exported sugar effective May 18 until the end of 2016.
The Egyptian Ministry of Agriculture announced an effort to reclaim approximately 1.5 million acres (607,028 ha) of marginal or desert lands for agricultural use.
In MY2015/2016, total raw sugar production is forecast to increase 3 percent to 2.127 MMT from MY2014/15 due to an increase in raw beet sugar production of 60,000 MT or a total of 1.210 MMT.
Soybean imports are expected to reach 1.97 MMT, reflecting additional crush capacity and soy meal demand.
The Ministry of Agriculture and Land Reclamation announced it would not directly provide cash subsidies for MY2015/16, after offering such subsidies to farmers for the first time in MY2014/15.
News on developments in agriculture and food in Egypt.