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325999

USDA attache sees Egypt 2022/23 wheat imports falling to 11 mln T

March 28 (Reuters) - The following are selected highlights from a report issued by the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service (FAS) post in Cairo:

"Egypt is closely following the repercussions of the Russian-Ukrainian crisis. Certainly Egypt's grains imports from both countries were affected. Accordingly, FAS Cairo forecasts Egypt's wheat imports in MY 2022/23 (July–June) at 11 MMT (million metric tons), down by 8.3 percent from MY 2021/22 Post's import estimate figure of 12 MMT. Importing and buying wheat from other markets remains a viable option for government and private purchases. Wheat production in MY 2022/23 is up by 8.9 percent from the previous marketing year. Egypt has sufficient wheat stocks for its bread subsidy program until the end of calendar year 2022. Corn and rice production in MY 2022/23 (Oct–Sept) are forecast to be similar to the previous marketing year. MY 2021/22 (Oct–Sept) Corn imports are expected to decline by 5.1 percent."

To read the full report, click: https://bit.ly/3iGTFsf

(Reporting by Julie Ingwersen in Chicago; Editing by Sandra Maler)

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