Jordan has increased the price paid to farmers for local wheat to $635/MT in the hope of increasing local production, while import quality wheat can be purchased for less than $300/MT. According to local traders, wheat imports have caused domestic plantings to decline by 90 percent.
News Updates The London-based Grain and Feed Trade Association (Gafta) has announced the names of several businesses that have failed to comply with arbitration awards in accordance with Gafta Form 125. Included were the following regional firms: Akel Tekstil Sanayi ve Ticaret (Istanbul, Turkey), Societe NYM SARL (Cotonou, Benin), Societe WNU International SARL (Cotonou, Benin) and Freedom Sky General Trading (Dubai, UAE).Under its Export Credi...
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...
