News & Events
In a win-win effort for both the Moroccan feed industry and the United States, the Moroccan government has agreed to reduce the value added tax (VAT) from 20 percent to 7 percent on corn co-products such as DDGS (distiller's dried grains with solubles) and CGF (corn gluten feed).
Chris Corry, U.S. Grains Council senior director of international operations, is marking his 25th year at the Council with a novel change: He will retire immediately after the July Vancouver meeting to go into business for himself as a real estate agent and developer. He will work with his brother-in-law, rehabbing properties in Virginia and the Washington, D.C., area.
By Cary Sifferath, USGC Senior Director in Tunisia
During a recent mission to Libya with the American Soybean Association and the U.S. Wheat Associates, we uncovered a major untapped ruminant market with potential for new U.S. sales of distillers dried grains with solubles (DDGS). In addition, the Libyan poultry industry is slowly recovering after the revolutionary upheavals of the last year.
By Cary Sifferath, USGC Regional Director in the Mediterranean and Africa
Corn oil is a preferred product across much of the Middle East and North Africa, and Tunisia -- a major producer and exporter of olive oil -- has emerged as the top regional market for U.S. corn oil in calendar year 2011. That is a big jump for Tunisia, which has traditionally been the number three market for U.S. corn oil exports; Tunisia more than doubled its imports over 2010.
This chart illustrates the dynamics of Morocco's coarse grains supply and demand. The grey area in the chart shows production, which in Morocco is mostly barley. The saw-tooth nature of the production area reflects the weather dependency of Morocco's crop production. The total use and feed use lines show strong growth over time. But that growth can be derailed by a series of bad harvests, as was the case in 2007 and 2008.
A new strain of Foot and Mouth Disease (FMD) is spreading throughout Egypt. As of this writing, 100,000 cattle have been infected and more than 9,000 have died. Council staff recently visited Egypt to disseminate the U.S. Grains Council's inaugural Corn Harvest Quality Report. Everyday, almost every newspaper contained an article on its front page regarding the outbreak and Egypt's transition government's reactions and responses, as reported by MENA (Middle East News Agency).
Algeria imported 3.5 million metric tons of feed grains last year, with corn reaching 126 million bushels and barley topping 17.7 million bushels. Algeria's corn sales were dominated by Argentina, Brazil, Ukraine, France and Romania, and barley sales by France, Finland, the U.K. and Bulgaria. According to Cary Sifferath, U.S. Grains Council regional director, the U.S. market share is estimated at 2 percent overall.
Lower input prices for corn, soybeans and day-old chicks compared to last year are more than offsetting a decrease in broiler and table-egg prices in Egypt. This is expected to generate better marginal profits for Egypt's poultry sector, according to Dr. Hussein Soliman, U.S. Grains Council director in Egypt.
As profits increase, higher wages and growing consumer demand in Egypt will lead to industry expansion, Soliman predicted.
The U.S. Grains Council recently recognized Egypt Director Dr. Hussein Soliman for his 20 years of dedicated service and achievements in Developing Markets, Enabling Trade and Improving Lives.
“Dr. Soliman’s work is an outstanding example of what the Council tries to do in every market,” said Chris Corry, USGC senior director of international operations.