World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Grain and feed ingredient importers in Turkey will find that import prices have increased considerably after a drop of about 14 percent in the value of the Turkish lira versus the U.S. dollar. Some experts are saying that the drop could extend even further due to a drop in investor confidence in Turkey. The drop in value was started by the firing of the head of the Turkish Central Bank on 20 March. One comment was made that the Turkish situation had been improving due to strong Central Bank actions but that now “defeat has been snatched from the jaws of victory” (@Brown Brothers Harriman).  It is reported that Turkish charities have been sending wheat flour to...

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