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...
Middle East, Mediterranean and Africa Regional
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt and India are discussing a possible arrangement for the trade of Egyptian fertilizer for Indian wheat – an arrangement that could benefit both countries. Egypt is the world’s fifth largest export...
Middle East, Mediterranean and Africa Regional
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Pakistan’s wheat harvest of 27.5 MMT this year is still about 2.6 MMT short of the country’s consumption. Some imports have been made but there is still concern that there will be wheat/wheat flour sho...
Middle East, Mediterranean and Africa Regional
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s National Federation of Millers has advised that current wheat stocks will cover up to five months of cosumption and added that the current duty-free wheat imports through September will increase th...
Middle East, Mediterranean and Africa Regional
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey reports it will allow the export of both corn and durum wheat this year due to the bumper crop for both grains. Exports licenses have already been issued for durum wheat with corn licenses pending. Accordin...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s Forafric Global has bought 90 percent of Societe Industrielle de Minoterie Du Sud which is a Moroccan soft wheat miller. This acquisition will add 300 MT per day of milling capacity to Forafric. Mo...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is facing continued daily power cuts as the very high temperatures have increased electricity demand. Egypt does have sufficient electricity production but the reduction in fuel to the plants has caused gene...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Afghanistan will receive another 20,000 MT of wheat from India in a new donation to help overcome the humanitarian crisis in Afghanistan. India previously donated 40,000 MT of wheat. Wheat will be delivered throug...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Tunisian President Kais Saied said that efforts must be made to insure the adequate supply of grain and feed to all areas of the country. He added that all imports of grain and fodder must be controlled by the gov...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Afghanistan is facing a severe infestation of Moroccan locusts in the expected biggest outbreak in 20 years. Up to 25 percent of the current wheat crop, as much as 1.2 MMT, is said to be at risk. The locusts are e...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s Ministry of Agriculture said that 2023 cereals production should increase by 62 percent compared to the low drought affected crop of 2022. Total production is seen at 5.5 MMT up from 3.4 MMT. Soft...
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...
Middle East, Mediterranean and Africa Regional
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt and India are discussing a possible arrangement for the trade of Egyptian fertilizer for Indian wheat – an arrangement that could benefit both countries. Egypt is the world’s fifth largest export...
Middle East, Mediterranean and Africa Regional
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Pakistan’s wheat harvest of 27.5 MMT this year is still about 2.6 MMT short of the country’s consumption. Some imports have been made but there is still concern that there will be wheat/wheat flour sho...
Middle East, Mediterranean and Africa Regional
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s National Federation of Millers has advised that current wheat stocks will cover up to five months of cosumption and added that the current duty-free wheat imports through September will increase th...
Middle East, Mediterranean and Africa Regional
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey reports it will allow the export of both corn and durum wheat this year due to the bumper crop for both grains. Exports licenses have already been issued for durum wheat with corn licenses pending. Accordin...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s Forafric Global has bought 90 percent of Societe Industrielle de Minoterie Du Sud which is a Moroccan soft wheat miller. This acquisition will add 300 MT per day of milling capacity to Forafric. Mo...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is facing continued daily power cuts as the very high temperatures have increased electricity demand. Egypt does have sufficient electricity production but the reduction in fuel to the plants has caused gene...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Afghanistan will receive another 20,000 MT of wheat from India in a new donation to help overcome the humanitarian crisis in Afghanistan. India previously donated 40,000 MT of wheat. Wheat will be delivered throug...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Tunisian President Kais Saied said that efforts must be made to insure the adequate supply of grain and feed to all areas of the country. He added that all imports of grain and fodder must be controlled by the gov...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Afghanistan is facing a severe infestation of Moroccan locusts in the expected biggest outbreak in 20 years. Up to 25 percent of the current wheat crop, as much as 1.2 MMT, is said to be at risk. The locusts are e...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s Ministry of Agriculture said that 2023 cereals production should increase by 62 percent compared to the low drought affected crop of 2022. Total production is seen at 5.5 MMT up from 3.4 MMT. Soft...