S&P Global: Egypt’s corn imports set to slow as feed demand weakens and stocks rise

High grain stocks and lower poultry feed demand are expected to reduce Egypt‘s corn import needs through mid-2026, even as the country continues efforts to strengthen food security.

EGYPT – Egypt’s corn imports are expected to slow through mid-2026 as large domestic stocks and weaker poultry feed demand reduce the need for fresh purchases from international suppliers.

Traders say the local market currently holds ample corn supplies, leaving importers with little reason to secure additional cargoes. The slowdown comes as poultry producers face weaker demand for chicken products, with many consumers cutting back spending due to economic pressure. Lower poultry consumption has reduced feed demand, creating a surplus of corn in the domestic market.

According to S&P Global, importers remain cautious about buying new shipments from major suppliers such as Brazil and Ukraine. Many buyers prefer to wait for clearer signs on consumption trends and future price movements before making new commitments.

The decline in imports could offer short-term relief for Egypt’s foreign currency reserves, which continue to face pressure from the country’s large food import bill. However, the situation also highlights ongoing challenges in the poultry sector, where lower demand continues to affect business performance and investment prospects.

Egypt relies heavily on poultry as an affordable source of animal protein. As a result, slower demand raises concerns about the sector’s ability to support long-term food security goals and maintain stable production levels.

Policy makers see both benefits and risks in the current market situation. Lower import volumes reduce exposure to swings in global grain prices and ease pressure on foreign exchange reserves. At the same time, weak poultry demand points to broader economic challenges that continue to affect household spending.

Current market conditions stand in contrast to recent gains in Egypt’s wheat sector. Earlier this month, the Ministry of Supply reported wheat procurement of more than 4.3 million metric tons, equal to 86% of its target and above the level recorded during the same period in 2025.

Higher wheat deliveries, supported by government incentives, improved farming methods, and expanded storage capacity, have helped strengthen local grain supplies and reduce losses after harvest. Industry experts say these improvements could help reduce reliance on wheat imports over time.

Looking ahead, analysts expect corn imports to remain subdued unless poultry demand improves. Stronger consumer purchasing power or targeted government support for the poultry industry could increase feed demand and lead to higher corn import volumes later in the year.

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