Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s Ministry of Supply has increased its selling price of wheat, both local and imported, by about 20 percent. At the same time, the price of government wheat flour has increased by 35 percent. These price increases will not affect the subsidized local bread price. The Ministry also said that these are the first increases in 30 years. Local subsidized bread is supplied at 16 percent of the actual cost of production. SOUTHERN/EASTERN/WESTERN AFRICA
Flour Mills of Nigeria has shown an increase of 67 percent in income for the Q1 of 2024 with operating profit up by just over 100 percent. Much of the increase was due to “enhanced capacit...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...