Egypt-Oilseeds and Products Annual 2013 Report
Report Highlights:
The Government of Egypt is assessing ration card holders’ receptivity in 6 governorates to 100 percent sunflower oil in lieu of the current 50:50 soybean/ sunflower oil blend. Quality problems occur with the current blend as refiners substitute cheaper palm oil in the ration card vegetable oil and market the sunflower and soybean oil. Since the receptivity to sunflower oil is still being determined, Post is not presently factoring it into our forecasts. Post forecasts soybean imports in MY 2013/14 to fall 6 percent to 1.5 MMT. We are anticipating a decrease in soybean meal consumption in MY 2013/14 due to lingering animal health concerns within the domestic poultry industry along with high feed prices.
