{"id":625665,"date":"2018-08-12T04:14:26","date_gmt":"2018-08-12T04:14:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/egypt-to-remain-a-major-importer-of-us-soybeans-for-the-next-five-years-thanks-to-higher-demand\/"},"modified":"2018-08-12T04:14:26","modified_gmt":"2018-08-12T04:14:26","slug":"egypt-to-remain-a-major-importer-of-us-soybeans-for-the-next-five-years-thanks-to-higher-demand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/egypt-to-remain-a-major-importer-of-us-soybeans-for-the-next-five-years-thanks-to-higher-demand\/","title":{"rendered":"Egypt to remain a major importer of US soybeans for the next five years thanks to higher demand"},"content":{"rendered":"<p>Egypt is expected to remain a \u201cmajor importer\u201d of US soybeans for the next five years, according to a report by the US Foreign Agricultural Service (FAS) published in July. US soybean exports to Egypt were up 202% y-o-y between January and May, with forecasts seeing total soybean imports surpassing 1.75 mn tonnes this fiscal year, and 1.44 mn tonnes coming from the US. The increased demand for soybeans comes on the back of projects such as Cargill and Archer Daniels Midland <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/03\/cargill-adm-formally-launch-soybean-jv-soyven\/\">new crushing facility in Borg El Arab<\/a>, \u201cwhich are doubling their crushing capacity\u201d to produce oil, as well as the need for it in the food processing industry to boost the nutritional value of products such as bread and to manufacture animal fodder. <a href=\"https:\/\/gain.fas.usda.gov\/Recent%20GAIN%20Publications\/Counting%20Beans%20-%20The%20USSEC's%20Fourth%20Regional%20Aquaculture%20Production%20_Cairo_Egypt_7-29-2018.pdf\">Tap or click here for the full report here (pdf)<\/a>. This came as <a href=\"https:\/\/www.reuters.com\/article\/global-grains\/grains-wheat-edges-lower-global-weather-threat-set-to-drive-weekly-gains-of-1-pct-idUSL4N1V106E\">Reuters reported that<\/a> Egypt has booked a large order of US soybeans last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt is expected to remain a \u201cmajor importer\u201d of US soybeans for the next five years, according to a report by the US Foreign Agricultural Service (FAS) published in July. US soybean exports to Egypt were up 202% y-o-y between January and May, with forecasts seeing total soybean imports surpassing 1.75 mn tonnes this fiscal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625665","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6d02aa05-298d-4792-bbec-28649a1df314","order":"0","is_powered_by":true,"section_story_id":"b054dc8d-fa04-4359-bd3a-8f7e57e2e89a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625634],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt to remain a major importer of US soybeans for the next five years thanks to higher demand - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/egypt-to-remain-a-major-importer-of-us-soybeans-for-the-next-five-years-thanks-to-higher-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to remain a major importer of US soybeans for the next five years thanks to higher demand\" \/>\n<meta property=\"og:description\" content=\"Egypt is expected to remain a \u201cmajor importer\u201d of US soybeans for the next five years, according to a report by the US Foreign Agricultural Service (FAS) published in July. US soybean exports to Egypt were up 202% y-o-y between January and May, with forecasts seeing total soybean imports surpassing 1.75 mn tonnes this fiscal [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/egypt-to-remain-a-major-importer-of-us-soybeans-for-the-next-five-years-thanks-to-higher-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-12T04:14:26+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/egypt-to-remain-a-major-importer-of-us-soybeans-for-the-next-five-years-thanks-to-higher-demand\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/egypt-to-remain-a-major-importer-of-us-soybeans-for-the-next-five-years-thanks-to-higher-demand\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to remain a major importer of US soybeans for the next five years thanks to higher demand\",\"datePublished\":\"2018-08-12T04:14:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/egypt-to-remain-a-major-importer-of-us-soybeans-for-the-next-five-years-thanks-to-higher-demand\/\"},\"wordCount\":167,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/egypt-to-remain-a-major-importer-of-us-soybeans-for-the-next-five-years-thanks-to-higher-demand\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/egypt-to-remain-a-major-importer-of-us-soybeans-for-the-next-five-years-thanks-to-higher-demand\/\",\"name\":\"Egypt to remain a major importer of US soybeans for the next five years thanks to higher demand - 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The General Authority for Supply Commodities (GASC), Egypt\u2019s state grain buyer, bought 350k tons of wheat from France, Russia, and Bulgaria in its first successful tender since war broke out in\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/244.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647601,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/egypt-needs-to-produce-15k-tonnes-of-fava-beans-more-to-meet-demand\/","url_meta":{"origin":625665,"position":2},"title":"Egypt needs to produce 15k tonnes of fava beans more to meet demand","author":"enterpriseam admin","date":"15 May 2017","format":false,"excerpt":"Egypt needs to increase its output of fava beans by 15k tonnes annually to 277k tonnes to meet domestic demand, Agriculture Minister Abdel Moneim El Banna says, according to Al Borsa. There is a 6% gap between demand and domestic supply, El Banna says. The minister went on to note\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591802,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/agriculture-ministry-to-double-egypts-soybean-cultivation-areas\/","url_meta":{"origin":625665,"position":3},"title":"Agriculture Ministry to double Egypt\u2019s soybean cultivation areas","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"The Agriculture Ministry aims to more than double the area used for soybean cultivation from 37k feddans to 80k feddans during the current winter season, sources in the Agriculture Ministry told the local press. This would increase production to around 130k tonnes from 59k tonnes last year, substantially reducing the\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644931,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/gasc-to-purchase-soybean-oil-locally-for-the-first-time\/","url_meta":{"origin":625665,"position":4},"title":"GASC to purchase soybean oil locally for the first time","author":"enterpriseam admin","date":"6 July 2017","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) will be buying 20k tonnes of soybean oil from a local manufacturer for the first time this August, Ahram Gate reports. A tonne will cost GASC around EGP 281 mn \u2014 a price much lower than what international firms offered, according to Supply\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646775,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/gasc-issues-tender-to-purchase-30k-tonnes-of-soybean-oil\/","url_meta":{"origin":625665,"position":5},"title":"GASC issues tender to purchase 30k tonnes of soybean oil","author":"enterpriseam admin","date":"22 June 2017","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) issued a tender to buy 30k tonnes of soybean oil, set for delivery 15-30 August, according to UkrAgroConsult. Deadline for bids is 29 June. The last soybean tender GASC held was also for 30k tonnes held on 4 May, according to the website.","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=625665"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625665\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625634"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625665"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625665"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}