FOB Prices and Freight Rate App (Updated 29 September)
Ocean Freight Comments - 28 September 2023 By Jay O'Neil Commodity Consulting FFA paper traders managed to move dry-bulk futures markets slightly higher for the week, but physical markets were not ready to follow their lead. Physical markets were happy to remain steady and mostly unchanged for...
Interactive Ocean Freight Rates (Updated 29 September)
Editor's note: due to changes in the coding for the Shiny platform upon which this app is built, the tables of freight rates are temporarily unavailable. We expect to have the tables re-coded soon. Ocean Freight Comments - 28 September 2023 By Jay O'Neil Commodity Consulting: FFA paper traders...
Rice Constrained
The Philippines Department of Agriculture announced the need to import another 500 KMT of rice. The country is already the second largest importer of rice after China, and this purchase will ensure it is a record year for Philippine imports. For most staple commodities, this is not a large volu...
Similarities of Farming and Manufacturing
Debate around the reauthorization of the U.S. farm bill is focused on the legislation’s two major functions, domestic food assistance and farm price supports. The former involves Republicans trying to reduce the most generous portions of what amounts to 81 percent of farm bill spending, a...
Türkiye’s Higher Wheat Flour Exports
Türkiye is the world’s largest exporter of wheat flour, and the International Grains Council says the country will export a record 5.4 MMT in MY 2023/24. That is up 12.5 percent from MY 2022/23. Part of the reason is a bumper domestic wheat crop based largely on higher yield. Rains a...
Forever Poor
Dhaka’s The Daily Star reports that Bangladesh seeks to avoid the increased trade disciplines that comes with the country’s elevation above least developed status. Except for the covid lockdown period, Bangladesh’s economy has been growing at 7 percent or better each year. Off...
South Korean Beef Supply
South Korea imposed increased inspection requirements on U.S> supplied beef following the finding of an atypical BSE case in South Carolina. Atypical cases occur spontaneously and, importantly, rarely. The U.S. remains in the category of being a negligible risk for BSE according to World Org...
North Korea Food Policy
North Korea has managed to produce the largest undernourished population of any country, 41.6 percent. Like supporters of Cuba, some blame U.S. sanctions policy, although food is excluded from any restrictions. Joseph Yi at Hanyang University in Seoul calls for resuming aid and supplying aid wo...
No Rice Crisis
The Economist magazine notes that rice yields are not improving very quickly and that the International Rice Research Institute says that it is the food commodity perhaps most vulnerable to climate change. It is also a major contributor to climate change due to its methane emissions and yet con...
Thailand Rice Exports
Thai government official Anucha Burapachaisri said the target for rice exports has been raised to 7.5 MMT. The official cited both higher domestic production, and a rebounding global economy that has elevated the value of rice. In truth, Thai rice exports are highly correlated to production, wh...
Dreaming of Soybeans
Like many other countries that import soybeans, South Korea is hoping to become more self-sufficient in this oilseed. However, hope runs straight into the limits of geography. Right now the country produces about 9 percent of the 1.44 MMT of soybeans it consumes. Its agricultural area of 1.698...
Declining Population Impacts Consumption
According to USDA, South Korea’s government is taking steps to stop the price of rice from falling and to slow over-production. There will be payments to farmers for reducing planted area by 5.1 percent, and increased government purchases of rice at more than one-fifth of the crop. The pr...
FOB Prices and Freight Rate App (Updated 29 September)
Ocean Freight Comments - 28 September 2023 By Jay O'Neil Commodity Consulting FFA paper traders managed to move dry-bulk futures markets slightly higher for the week, but physical markets were not ready to follow their lead. Physical markets were happy to remain steady and mostly unchanged for...
Interactive Ocean Freight Rates (Updated 29 September)
Editor's note: due to changes in the coding for the Shiny platform upon which this app is built, the tables of freight rates are temporarily unavailable. We expect to have the tables re-coded soon. Ocean Freight Comments - 28 September 2023 By Jay O'Neil Commodity Consulting: FFA paper traders...
Rice Constrained
The Philippines Department of Agriculture announced the need to import another 500 KMT of rice. The country is already the second largest importer of rice after China, and this purchase will ensure it is a record year for Philippine imports. For most staple commodities, this is not a large volu...
Similarities of Farming and Manufacturing
Debate around the reauthorization of the U.S. farm bill is focused on the legislation’s two major functions, domestic food assistance and farm price supports. The former involves Republicans trying to reduce the most generous portions of what amounts to 81 percent of farm bill spending, a...
Türkiye’s Higher Wheat Flour Exports
Türkiye is the world’s largest exporter of wheat flour, and the International Grains Council says the country will export a record 5.4 MMT in MY 2023/24. That is up 12.5 percent from MY 2022/23. Part of the reason is a bumper domestic wheat crop based largely on higher yield. Rains a...
Forever Poor
Dhaka’s The Daily Star reports that Bangladesh seeks to avoid the increased trade disciplines that comes with the country’s elevation above least developed status. Except for the covid lockdown period, Bangladesh’s economy has been growing at 7 percent or better each year. Off...
South Korean Beef Supply
South Korea imposed increased inspection requirements on U.S> supplied beef following the finding of an atypical BSE case in South Carolina. Atypical cases occur spontaneously and, importantly, rarely. The U.S. remains in the category of being a negligible risk for BSE according to World Org...
North Korea Food Policy
North Korea has managed to produce the largest undernourished population of any country, 41.6 percent. Like supporters of Cuba, some blame U.S. sanctions policy, although food is excluded from any restrictions. Joseph Yi at Hanyang University in Seoul calls for resuming aid and supplying aid wo...
No Rice Crisis
The Economist magazine notes that rice yields are not improving very quickly and that the International Rice Research Institute says that it is the food commodity perhaps most vulnerable to climate change. It is also a major contributor to climate change due to its methane emissions and yet con...
Thailand Rice Exports
Thai government official Anucha Burapachaisri said the target for rice exports has been raised to 7.5 MMT. The official cited both higher domestic production, and a rebounding global economy that has elevated the value of rice. In truth, Thai rice exports are highly correlated to production, wh...
Dreaming of Soybeans
Like many other countries that import soybeans, South Korea is hoping to become more self-sufficient in this oilseed. However, hope runs straight into the limits of geography. Right now the country produces about 9 percent of the 1.44 MMT of soybeans it consumes. Its agricultural area of 1.698...
Declining Population Impacts Consumption
According to USDA, South Korea’s government is taking steps to stop the price of rice from falling and to slow over-production. There will be payments to farmers for reducing planted area by 5.1 percent, and increased government purchases of rice at more than one-fifth of the crop. The pr...