According to the FAO, Egypt's wheat and corn crops this year will be slightly above average size this year, but it expects that the country will have to import a near record 18.2 MMT of grain in 2014/15, a 5 percent increase from 2013/14.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Muslim holy month of Ramadan begins this upcoming weekend on either 28 or 29 June and ends about 29 July. Commercial activity will be reduced due to shorter office working hours for business, bank and government offices. As an example, the United Arab Emirates (UAE) has set official government working hours as 9AM-2PM, two hours fewer per day than normal.Ukrainian exporters expect that Turkey will again this year be the main destination for t...
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...
