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feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  In Bangladesh, the “advanced income tax” on wheat imports has been lifted due to importers declaring much of their wheat as “duty-free” durum wheat. The tax had been 5 percent on ordinary wheat but nothing on durum wheat. The change in the tax is not retroactive so there will be no refunds on taxes paid or due on recent wheat imports. Turkey reports that its main grain producing area – the Konya plain – is suffering greatly from a lack of rainfall. The Konya area produces about 2.5 MMT of grain per year, mainly wheat, and this year rainfall is down by 60 percent since July. With only 10 percent of the area under irrigation, rainfall is neede...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Weather Rally; Corn, Soybeans Steady While Eyeing Weather

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feed-grains soy-oilseeds wheat

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