U.S. Corn Exports to the Middle East, North Africa Surge

U.S. Corn Exports to the Middle East, North Africa Surge

Exports to the Middle East rebound due to price, market conditions

Exports of U.S. coarse grains and co-products to the Middle East and North Africa have rebounded dramatically this marketing year due to price, world market conditions and consistent trade servicing, the U.S. Grains Council said last week.

As of Aug. 21, the region had outstanding sales and accumulated imports of U.S. corn of nearly 4.4 million metric tons (173 million bushels) for this marketing year, which ended Aug. 31.

This contrasts the fewer than 300,000 tons (11.8 million bushels) that went to the region in 2012/2013.

Exports to the Middle East rebound due to price, market conditions

"The U.S. Grains Council is staying in touch with the major buyers in the region, reminding them what's going on with U.S. price wise," said USGC Regional Director of the Middle East and Africa Cary Sifferath.

Egypt has shown the biggest increase this year, Sifferath said, purchasing 2.6 million tons of corn.

"We are also reminding them about U.S. corn and DDGS, corn gluten feed and other products to help them consider bringing in some combination shipments. The Council also does a fair number of technical programs working with the feed, broiled and dairy industries to keep them up to date."

Future demand is expected to grow in Saudi Arabia, North Africa and Egypt, Sifferath said.

"Those markets are continuing to grow and so there's going to be more demand for corn and grains, even co-products. The competition isn't going away so we're going to have to continue to work very hard at making sure the U.S. can hold on and continue to have at least a good portion of that market share," he said.

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