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FAS Cairo (Post) forecasts Egypt’s wheat imports in marketing year (MY) 2023/24 (July – June) to increase by almost 2.9 percent from the previous marketing year due to population growth. Egypt’s wheat production is likely to remain unchanged from the previous marketing year. The war between Russia and Ukraine has caused disruptions of wheat and corn supplies to the Middle East and North Africa region including Egypt. The impacts of the war have also influenced the availability of forex needed for imports and the release of shipments of commodities. This has led to a decrease in wheat imports and a significant reduction in corn imports during the current marketing year. Egypt’s corn production in MY 2023/24 is forecast to increase in response to high prices, and similarly, rice production is also forecast to increase as planted area expected to increase. Consequently, both corn and rice imports are forecast lower.
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