FOB Prices and Freight Rate App (Updated 30 Mar.)
Ocean Freight Comments - 30 March 2023 By Jay O'Neil Commodity Consulting Dry-bulk ocean freight markets were fairly quiet and dull this week and moved mostly sideways. Vessel owners continue to look for improved cargo demand, and finding none, must settle for holding rates steady and not losin...
Interactive Ocean Freight Rates (Updated 30 Mar.)
Ocean Freight Comments - 30 March 2023 By Jay O'Neil Commodity Consulting Dry-bulk ocean freight markets were fairly quiet and dull this week and moved mostly sideways. Vessel owners continue to look for improved cargo demand, and finding none, must settle for holding rates steady and not losin...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is expected to have to devalue its currency again according to Societe Generale bank. It says that by the end of the next quarter about 10 percent will have to be devalued in order to meet foreign exchange p...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Saudi Arabia received a 60,000 MT barley shipment from Australia financed by a joint arrangement between Salic Group and Mansour Al-Mosaid Company and the Saudi Agricultural Development Fund. This is being done un...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egyptian government officials said the “dollar crisis” has now been corrected and that foreign payments are being made by banks and delayed goods are clearing customs. Extra efforts have been made to r...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Jordan recently received very good rainfalls which the Ag Ministry says brought long awaited relief to farmers. Pastures should also be much better this year, which will be very beneficial to the dairy industry. T...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Sri Lanka will benefit from a program by Thailand and the United Nations to supply quality maize seed to help with increasing food security – the maize will be used in the livestock industry when harvested...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s COP27 conference has set a new “123 Pledge” program that is directed at reducing food waste in production, handling, retail and consumer levels. Fourteen percent of food is said to be los...
Transportation Workaround
A third of U.S. grain and oilseed exports move through New Orleans and nearly 40 percent if one includes the Texas Gulf ports. Another 15 percent moves out the PNW to Asia. But what happens when the Mississippi dries up? In older literature, USDA’s Agricultural Marketing Service does not...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran and Pakistan are expected to benefit from Azerbaijan lifting its export ban on grains. Talks with both countries are planned for next week to discuss shipping logistics and additional export opportunities. Pa...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran’s government increased the purchase price of local wheat, to the equivalent of $430 MT. The government says that more than 7 MMT of local wheat has been purchased from farmers. The Iran Ag Ministry says...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Sri Lanka’s Minister of Trade says there is no reason for wheat flour prices to increase as the local supply is good and more milling wheat is expected from Dubai and Turkey. Sri Lanka is forecast, by USDA-F...
FOB Prices and Freight Rate App (Updated 30 Mar.)
Ocean Freight Comments - 30 March 2023 By Jay O'Neil Commodity Consulting Dry-bulk ocean freight markets were fairly quiet and dull this week and moved mostly sideways. Vessel owners continue to look for improved cargo demand, and finding none, must settle for holding rates steady and not losin...
Interactive Ocean Freight Rates (Updated 30 Mar.)
Ocean Freight Comments - 30 March 2023 By Jay O'Neil Commodity Consulting Dry-bulk ocean freight markets were fairly quiet and dull this week and moved mostly sideways. Vessel owners continue to look for improved cargo demand, and finding none, must settle for holding rates steady and not losin...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is expected to have to devalue its currency again according to Societe Generale bank. It says that by the end of the next quarter about 10 percent will have to be devalued in order to meet foreign exchange p...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Saudi Arabia received a 60,000 MT barley shipment from Australia financed by a joint arrangement between Salic Group and Mansour Al-Mosaid Company and the Saudi Agricultural Development Fund. This is being done un...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egyptian government officials said the “dollar crisis” has now been corrected and that foreign payments are being made by banks and delayed goods are clearing customs. Extra efforts have been made to r...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Jordan recently received very good rainfalls which the Ag Ministry says brought long awaited relief to farmers. Pastures should also be much better this year, which will be very beneficial to the dairy industry. T...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Sri Lanka will benefit from a program by Thailand and the United Nations to supply quality maize seed to help with increasing food security – the maize will be used in the livestock industry when harvested...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s COP27 conference has set a new “123 Pledge” program that is directed at reducing food waste in production, handling, retail and consumer levels. Fourteen percent of food is said to be los...
Transportation Workaround
A third of U.S. grain and oilseed exports move through New Orleans and nearly 40 percent if one includes the Texas Gulf ports. Another 15 percent moves out the PNW to Asia. But what happens when the Mississippi dries up? In older literature, USDA’s Agricultural Marketing Service does not...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran and Pakistan are expected to benefit from Azerbaijan lifting its export ban on grains. Talks with both countries are planned for next week to discuss shipping logistics and additional export opportunities. Pa...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran’s government increased the purchase price of local wheat, to the equivalent of $430 MT. The government says that more than 7 MMT of local wheat has been purchased from farmers. The Iran Ag Ministry says...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Sri Lanka’s Minister of Trade says there is no reason for wheat flour prices to increase as the local supply is good and more milling wheat is expected from Dubai and Turkey. Sri Lanka is forecast, by USDA-F...