Egypt is considering revisions to its wheat import specifications, particularly moisture, which could once again enable the importation of French wheat. GASC had allowed a 0.5 percent tolerance up to 13.5 percent moisture prior to January.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt's Ministry of Supply has announced that it will be reducing the prices on food items that it controls for the month of Ramadan. These price reductions will begin well in advance on 18 June as consumers are stocking up. Lower-priced supplies of flour and other necessities offered through the Holding Company for Good Industries will only be available from one location in Nasr City (a district of Cairo).Egypt is considering revisions to its w...
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...
