USGC Builds Connections With the Commercial Beef Industry in Morocco

A team of leaders from COPAG, a dairy and beef cattle cooperative in Morocco, traveled to Texas last week to see firsthand state-of-the-art beef feeding, harvesting and processing on a learning journey sponsored by the U.S. Grains Council (USGC). In addition, they learned about management techniques that improve quantity and quality of beef harvested.

US Corn Exports to Middle East and North Africa Continue Upward Trend

After two consecutive years of low market share for U.S. corn exports to the Middle East and North Africa, the 2013-14 marketing year has seen a sharp rebound in U.S. corn sales and shipments to the region. From the beginning of the marketing year through April 10, outstanding sales and accumulated exports of U.S. corn to North Africa and the Middle East are more than 2.8 million metric tons (110 million bushels), up from 204,500 tons (8 million bushels) the previous year over the same time period.

Middle East and North Africa Shifting Corn Demand to US

outstanding sales and accumulated exports of U.S. corn to North Africa and the Middle East - See more at: http://grains.org/index.php/chart-of-the-week/4581-middle-east-and-north-africa-shifting-corn-demand-to-us#sthash.g2WWdaOj.dpuf

This week's U.S. Grains Council Chart of the Week shows outstanding sales and accumulated exports of U.S. corn to North Africa and the Middle East for the past three marketing years, which began Sept. 1, through Mid-April for each listed year. With U.S. corn returning to more normal pricing in the 2013/2014 marketing year, Egypt, Israel, Morocco and Algeria have all returned to purchasing U.S. corn. Also, Tunisia has once again begun sourcing corn from the United States.

Demand for US Corn in Egypt, North Africa on the Rise

According to USDA's Production, Supply and Distribution database, Egypt is expected to import 6.2 million metric tons (244 million bushels) of corn in the year that began Oct. 1, 2013, which is the second highest level of corn imports to Egypt ever. In this dramatic turnaround, the United States is projected to enjoy at least a 30 percent market share in the 2013/2014 marketing year that began Sept. 1, 2014, after the market share dropping to less than one percent during the 2012/2013 marketing year. The U.S.

Market Profile - Morocco

Supply/Demand Basics

  • Steady growth of corn imports, 1.9 MMT in 2016.
  • Large local barley crop (3.5 MMT) reduced 2016 imports to 958 TMT.
  • Growing imports of CGF and DDGS.
  • Price-sensitive market with moderate emphasis on quality.

Country Overview

  • Population: 34.8 million
  • Population growth: 1.28%
  • Urban %: 59.9%
  • Urban growth: 2.2%
  • GDP: $252.4 billion
  • GDP growth: 2.9%
  • GDP per capita: $7,606
  • Open-market oriented economy with good diversity (13% agriculture, 29%indus try, 58% servic

Market Profile - Egypt

Supply/Demand Basics

  • Largest corn market in the region, 8.2 MMT imports in CY 2016.
  • Nearly 6 MMT of local corn crop, mostly white corn.
  • #1 import market for U.S. CGM importing 143 TMT in MY 2016; #12 import market for U.S.  DDGS with 132 TMT in MY 2016.
  • Price-sensitive market; quality less important than price.
  • U.S.

Market Profile - Algeria

Supply/Demand Basics

  • Steady growth of corn imports, 4.1 MMT in 2016.
  • Barley imports fluctuate depending on local production, 751 TMT in 2016.
  • No imports of corn co-products.
  • Corn quality a concern but also very sensitive to price.

Country Overview

  • Population: 40.4 million
  • Population growth rate: 2.27%
  • Urban %: 70.13%
  • Urban growth rate: 2.77%
  • GDP: $551.8 billion
  • GDP growth: 4.11%
  • GDP per capita: $14,259
  • State-dominated economy with restrictions on imports and foreign investme

The MENA Region: Expanding Council Presence

The MENA Region: Expanding Council Presence

By: Cary Sifferath, U.S. Grains Council Regional Director in Middle East and Africa

With U.S. corn and corn co-products priced competitively again, U.S. market share in the Middle East and North Africa region has begun to expand. For examples, Saudi Arabian buyers have begun purchasing U.S. corn and corn co-products again; Egyptian importers have purchased 638,000 metric tons (25.1 million bushels) of U.S. corn for April, May and June shipments on top of the 160,000 tons (6.3 million bushels) that was shipped in December and January; and there have been strong sales of U.S. corn co-products to Turkey, Egypt and Morocco.

Pages

Subscribe to RSS - North Africa