Egypt: Livestock and Products Annual
In 2017, calf crop production is expected to remain stable at 1.850 million head. Beef production is projected to increase by 3.6 percent to 370,000 MT. Consumption is forecast to increase by two percent to reach 710,000 MT. Post estimates that live cattle and beef imports will remain stable at 300,000 head and 340,000 MT, respectively. The Egyptian Government has become the top importer of live cattle and beef, displacing private importers who are unable to compete with government as companies have to source U.S. dollars in the parallel market, which commands a 20-30 percent premium compared to the official rate. Post has revised its 2016 consumption and import numbers from USDA’s official data.