이집트 농업 및 식품 인사이트

Norwegian herring exports to Egypt were particularly outstanding: export value of 240 million Norwegian kroner, a year-on-year increase of 114 million Norwegian kroner, a 91% rise, with export volume of 16,763 tons, growing 69%. Processed/pickled herring prices were 29 Norwegian kroner per kilogram, up 4 Norwegian kroner from the same period in 2024. Frozen herring fillet prices were 23 Norwegian kroner per kilogram, up 1 Norwegian kroner from the same period in 2024. Norwegian herring exports in June were 14,600 tons, with an export value of 314 million Norwegian kroner, representing year-on-year growth of 57% and 60% respectively. In the first half of the year, Norwegian mackerel exports reached 73,662 tons, with an export value of 2.3 billion Norwegian kroner, representing year-on-year growth of 15% and 56%, with South Korea and Vietnam as the two main export markets. Frozen whole mackerel prices were 30 Norwegian kroner per kilogram, up 3 Norwegian kroner from the same period in 2024. In June, Norway exported 4,500 tons of mackerel, with an export value of 150 million Norwegian kroner, representing a 15% year-on-year increase in export value and a 16% decrease in export volume.

Egypt is failing to purchase the planned quantities of wheat from local farmers, and weak imports are contributing to an increased risk of shortage in the domestic market.

In brief: • Egypt makes a large wheat purchase from Romania, Ukraine, and Russia • IGC increases global grain production forecasts According to experts, market pressure from the last week is due not so much to expectations for the new harvest as to the macroeconomic context. The rise of the euro/dollar exchange rate above 1.17 marked its highest level in nearly four years, making European origin even less attractive on the international market. From the perspective of harvests, according to the June grain market report by the International Grains Council (IGC), global grain production forecasts for 2024-25 have been increased by 3 million tons to 2.313 billion tons due to an increased value for corn, IGC reported. "The increased result does not compensate for the more limited initial stocks and total supply is expected to shrink compared to the previous year," IGC commented. "Global carry-over stocks are forecast to shrink by 4%, to 10-year..."