Egypt Market Update, January to June 2016
38
VIEWS
by Zainuddin Hassan
For many years Egypt has been a reliable growth market for edible oils. Despite the economic uncertainties and the government restrictions on access to foreign currencies in 2015 and the first quarter of 2016, the demand for oils and fats continues to increase steadily. According to the Oil World, in 2015 Egypt’s consumption of oils and fats amounted to 2.14 Mn T, an increase of about 3 percent as compared to the total consumption recorded in the previous year.

Egypt is only able to meet about 23% self-sufficiency from its domestic oils and fats production and supply depends almost entirely on imports. The country’s oilseed production is unlikely to expand due to lack of arable land and as such their vegetable oil production is unlikely to expand significantly. What is certain is its population growth, which is rising at an estimated rate of 1.84% per year, will lead to rising demand in Egypt’s US$1.23bn oils and fats market sector. According to the recent estimate by the Global Agricultural Information Network (GAIN), in the marketing year 2016/2017, total oil consumption for food and industrial use in Egypt will amount to approximately 2.6 Mn T. Palm oil is expected to supply over 40% this demand requirement.

You need to login to view the report.
Questions & Answers (0) :
Please login to post Question & Answer
Login
Please login/register to view the reports.
Username:
Password:
  Forgot password?
NOT A MEMBER?
Click here to register.
For enquiries, please contact: help@pomdr.org.my
Latest Reports

Latest Reports

Our Regional Experts

USA
Mr. Zainuddin Hassan
zainuddin@mpocus.com
   
Europe
Mr. Uthaya Kumar
kumar@mpoc.eu
   
Turkey
Mr. Mohammad Hafezh
mhafezh@mpoc.org.my
   
Egypt
Mr. Mohamad Suhaili
msuhaili@mpoc.org.my
   
South Africa
Mr. Karthigayen Selva Kumar
kartik.kumar@mpocus.com
   
Pakistan
Mr. Faisal Iqbal
faisal@mpoc.org.pk
   
Bangladesh
Mr. AKM Fakhrul Alam
fakhrul@mpoc.org.bd
   
India
Ms. Bhavna Shah
bhavna@mpoc.org.in
   
China
Mr. Desmond Ng
desmond@mpoc.org.cn
   
Asia Pacific
Mr. Muhammad Kharibi
kharibi@mpoc.org.my

 

Disclaimer Close
  • Members are entitled to FREE online reports available in this website. For additional services, minimal surcharge may apply.

  • The membership to this website is only applicable to the Malaysian palm oil industry members. If you’re not a Malaysian company, please write to MPOC to be a member.

  • MPOC holds the right to refuse admission to any member as information in this website are meant only for members consumption.
Contact Us Close
Should you require further information, please feel free to email us at the following addresses:
© Copyright 2018 Malaysian Palm Oil Council. All Rights Reserved.