World Perspectives

Recent Freight Analysis

FOB Prices and Freight Rate App (Updated 2 June)

Update for 2 June 2020: Prices updated through the day's close.   Freight Comments for 28 May 2020: Jay O’Neil, O’Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market star...

Interactive Ocean Freight Rates (Updated 2 June)

Data Updated Through: 2 June 2020   Ocean Freight Insights and Comments - 28 May 2020 By Jay O'Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market started at exceptionally low level...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Pakistan’s Gwadar Port, west of Karachi, has received its first vessel of wheat and fertilizer that is being transshipped by truck to Afghanistan. Gwadar is a deep draft port that can handle large vessels and offers a shorter r...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Gemcorp Commodities is reportedly supplying 200,000 MT of Russian wheat to Ethiopia with the results of a recent tender. Shipment will be of 11.5 percent protein wheat. Gemcorp supplied Ukraine and Argentina wheat to Ethiopia in 2019...

feed-grains wheat soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  The United Nations reportedly purchased 80,000 MT of Ukraine wheat for Sudan that will be shipped in two 40,000 MT lots in May and July. This is part of the UN food aid program. Financial experts are forecasting a 2020 drop in the va...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Morocco has announced that the suspension of duty on common wheat will be extended beyond 15 June until the end of December 2020. With the local wheat harvest forecast to be much below normal the government wants to ensure that wheat...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Egypt reports that local wheat purchases by the government are now at 1 MMT well on the way to the target of 3.6 MMT. However, local press says that purchases are actually closer to 600,000 MT. Coronavirus restrictions in Egypt do no...

wheat feed-grains soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Saudi Arabia’s SAGO purchased 60,000 MT of Ukraine wheat from SALIC (Saudi Agricultural and Livestock Investment Company). This is a direct purchase from a Saudi investment company overseas rather than an international tender...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Corn and wheat imports in the region could find sourcing more difficult with Romania banning exports of both for the next couple of months. Turkey is normally a buyer of Romanian corn as are most other eastern Mediterranean countries...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA: The Master of the M/V Tomini Destiny has refused to allow discharge of a bulk cargo in Bangladesh due to concerns over the added risk of COVID-19 from local stevedores. This is probably the first reported problem of this type, but it will...

Bulk Freight Rates Fall

Egypt is reportedly switching from purchasing grain FOB and then managing its own freight risks to buying C&F so that suppliers bear any higher costs in volatile markets. Freight rates have been falling and should continue to do so as the global economy goes into recession. Bulk shipping ch...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA: Morocco has removed the import duty on soft wheat and durum wheat until 15 June. The Morocco Ag Ministry reports that soft wheat stocks will cover three months normal consumption but a sudden jump in demand related to COVID-19 will reduce...

FOB Prices and Freight Rate App (Updated 2 June)

Update for 2 June 2020: Prices updated through the day's close.   Freight Comments for 28 May 2020: Jay O’Neil, O’Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market star...

Interactive Ocean Freight Rates (Updated 2 June)

Data Updated Through: 2 June 2020   Ocean Freight Insights and Comments - 28 May 2020 By Jay O'Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market started at exceptionally low level...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Pakistan’s Gwadar Port, west of Karachi, has received its first vessel of wheat and fertilizer that is being transshipped by truck to Afghanistan. Gwadar is a deep draft port that can handle large vessels and offers a shorter r...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Gemcorp Commodities is reportedly supplying 200,000 MT of Russian wheat to Ethiopia with the results of a recent tender. Shipment will be of 11.5 percent protein wheat. Gemcorp supplied Ukraine and Argentina wheat to Ethiopia in 2019...

feed-grains wheat soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  The United Nations reportedly purchased 80,000 MT of Ukraine wheat for Sudan that will be shipped in two 40,000 MT lots in May and July. This is part of the UN food aid program. Financial experts are forecasting a 2020 drop in the va...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Morocco has announced that the suspension of duty on common wheat will be extended beyond 15 June until the end of December 2020. With the local wheat harvest forecast to be much below normal the government wants to ensure that wheat...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Egypt reports that local wheat purchases by the government are now at 1 MMT well on the way to the target of 3.6 MMT. However, local press says that purchases are actually closer to 600,000 MT. Coronavirus restrictions in Egypt do no...

wheat feed-grains soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Saudi Arabia’s SAGO purchased 60,000 MT of Ukraine wheat from SALIC (Saudi Agricultural and Livestock Investment Company). This is a direct purchase from a Saudi investment company overseas rather than an international tender...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Corn and wheat imports in the region could find sourcing more difficult with Romania banning exports of both for the next couple of months. Turkey is normally a buyer of Romanian corn as are most other eastern Mediterranean countries...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA: The Master of the M/V Tomini Destiny has refused to allow discharge of a bulk cargo in Bangladesh due to concerns over the added risk of COVID-19 from local stevedores. This is probably the first reported problem of this type, but it will...

Bulk Freight Rates Fall

Egypt is reportedly switching from purchasing grain FOB and then managing its own freight risks to buying C&F so that suppliers bear any higher costs in volatile markets. Freight rates have been falling and should continue to do so as the global economy goes into recession. Bulk shipping ch...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA: Morocco has removed the import duty on soft wheat and durum wheat until 15 June. The Morocco Ag Ministry reports that soft wheat stocks will cover three months normal consumption but a sudden jump in demand related to COVID-19 will reduce...

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