Jordan will need to continue importing close to 100 percent of its needed wheat supply, according to USDA FAS in Amman. With the influx of Syrian refugees, wheat demand should increase as it seems to do every year.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The local USDA forecast in Morocco indicates that the country's 2014/15 total grain imports, including durum wheat, could be up by as much as 1.2 MMT from 2013/14 as production is expected to be down significantly compared with the previous year's very good crop. Rainfall in the wheat area has been below average and much lower than last year. Although the planted area will be about the same, the expected yields are down to only 1.2 MT per hectare from 2.13 MT per hectar...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
