Egypt's imports of soybeans are predicted to climb by over 15% in 2024-2025 as a result of foreign exchange inflows into its financial institutions and rising feed demand. A study from the US Department of Agriculture's Foreign Agricultural Service (FAS) estimates imports at 3.1 million tons. With approximately 85,000 tonnes, or less than 3% of the world's total, produced annually, Egypt is the biggest consumer of soybeans in the regions of the Middle East and North Africa. It adds soybean meal to aquaculture, dairy cows, and poultry feed regimens. A 28% increase in meal production is projected to reach 2.5 million tonnes. An estimated 2.85 million tonnes are consumed.
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Soymeal Demand and Oilseed Production Rise in Egypt
the FAS stated that because soymeal is more widely available and serves as the primary source of animal protein in feed rations, "feed consumption of soymeal is projected to be up by 5.5% relative to the preceding marketing year." The output of sunflower and soybean oils is expected to rise as a result of rising demand, population growth, and foreign exchange inflows. Egypt is anticipated to consume 2.66 million tonnes of soybean, sunflower, and palm oil for industrial and food purposes, an increase of 3.9% over the previous year. Population growth, rising demand, and foreign exchange inflow are all expected to contribute to increasing production.
Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commodity sales and procurement that connects bulk buyers and bulk sellers of commodities, primarily of branded food and agro-commodities and facilitates operations for them. Soybean producers and soybean sellers can easily get the best price on the platform if they Sell Soybean in Bulk while buyers can buy soybean in bulk from vendors across the globe. There are no middlemen involved, and the company facilitates the entire process, which guarantees maximum profits in the shortest time-frame.
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