Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS As part of its budget control measures, Egypt has announced price increases of 35-40 percent for gasoline (depending on the grade) and 60 percent for home cooking gas. This announcement was made during the Eid Al-Fitr holidays to avoid any org...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Syria and Russia are said to be developing a shipping route between Tartus, Syria and Sebastopol, Crimea, mainly for the supply of grain to Syria but also for building materials. Syria will ship agricultural products to Sebastopol. “Rebe...
Black Sea Regional Analysis
Russian Grain Markets: 28 May-1 June 2018 Domestic grain prices mainly grew as the volumes of stocks offered on the market were limited. Thus, despite the record results of MY 2017/18 grain exports, which may total 54 MMT, sellers rather than buyers are now determining the domestic market price...
Middle East, Mediterranean and Africa Regional Analysis
Middle East, Mediterranean and Africa Regional Analysis Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Tunisia’s grain harvest for this year is forecast to drop 200,000 MT to a total 1.4 MMT, which includes 923,000 MT of durum wheat, 119,000 MT soft wheat and 362,000 MT of barley. Dr...
Oilseed Highlights: Stalled Brazilian Exports...
Brazilian Exports Still Stalled After Trucker Strike Ends Some truckloads of soybeans and other commodities have begun to arrive at Brazilian processing plants and exporter terminals, but the amounts have been limited. As of yesterday, no cargo deliveries had begun to arrive yet at those main t...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Syrian government expects that it will only be able to purchase about 1 MMT of local wheat in 2018. Due to difficulties there, production has dropped from 4 MMT per year to less than 1.8 MMT, and the government needs at least 1.5 MMT to co...
Reading Trump, Again; Economic Focus; Market Signals; Iran and China Impacts
Reading Trump, Again The Trump administration’s announcement of a Section 232 investigation into automobile imports as a national security threat only reinforced the viewpoint of critics that he is a protectionist. However, the goal is not new duties on car imports but leverage to negotia...
Black Sea Regional Analysis
Russian Grain Markets: 14-18 May 2018 Domestic grain prices on the Russian market mainly increased for last season’s production in all regions except the South, which saw a drop as traders anticipated market entry of the new crop. Meanwhile, export prices decreased. The average milling wh...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Ramadan, the month of fasting, started last week in the region’s Muslim countries. It continues until about 16 June and is then followed by the Eid holidays. Business and banking hours will be reduced during this time, and customer conta...
Farm Bill Livestock Amendments; Unsettled Trade Deals Hit Broilers
Yesterday (16 May) the House passed the rule governing the floor debate on the farm bill by a vote of 229-185. Also covered under this rule are the Protect and Serve Act of 2018 and the Veterans Cemetery Benefit Correction Act. Should the farm bill struggle, those latter two bills provide a saf...
Bombs Beat Beans; The Trump Package; Organic Subterfuge
Bombs Beat Beans During the 1980s as the Cold War raged on, the Defense Department opined in the interagency process that U.S. agriculture’s attacks on the Common Agricultural Policy (CAP) were unhelpful. The military viewpoint was that “the CAP is the glue that holds Europe togethe...
Black Sea Regional Analysis
Russian Grain Markets: 7-11 May 2018 Rising minimal prices on the domestic market, driven in part by high demand from processors and growing prices for processed products, caused average prices to increase. The average milling wheat export price fell $2/MT to $213/MT FOB Black Sea, and purchase...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS As part of its budget control measures, Egypt has announced price increases of 35-40 percent for gasoline (depending on the grade) and 60 percent for home cooking gas. This announcement was made during the Eid Al-Fitr holidays to avoid any org...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Syria and Russia are said to be developing a shipping route between Tartus, Syria and Sebastopol, Crimea, mainly for the supply of grain to Syria but also for building materials. Syria will ship agricultural products to Sebastopol. “Rebe...
Black Sea Regional Analysis
Russian Grain Markets: 28 May-1 June 2018 Domestic grain prices mainly grew as the volumes of stocks offered on the market were limited. Thus, despite the record results of MY 2017/18 grain exports, which may total 54 MMT, sellers rather than buyers are now determining the domestic market price...
Middle East, Mediterranean and Africa Regional Analysis
Middle East, Mediterranean and Africa Regional Analysis Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Tunisia’s grain harvest for this year is forecast to drop 200,000 MT to a total 1.4 MMT, which includes 923,000 MT of durum wheat, 119,000 MT soft wheat and 362,000 MT of barley. Dr...
Oilseed Highlights: Stalled Brazilian Exports...
Brazilian Exports Still Stalled After Trucker Strike Ends Some truckloads of soybeans and other commodities have begun to arrive at Brazilian processing plants and exporter terminals, but the amounts have been limited. As of yesterday, no cargo deliveries had begun to arrive yet at those main t...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Syrian government expects that it will only be able to purchase about 1 MMT of local wheat in 2018. Due to difficulties there, production has dropped from 4 MMT per year to less than 1.8 MMT, and the government needs at least 1.5 MMT to co...
Reading Trump, Again; Economic Focus; Market Signals; Iran and China Impacts
Reading Trump, Again The Trump administration’s announcement of a Section 232 investigation into automobile imports as a national security threat only reinforced the viewpoint of critics that he is a protectionist. However, the goal is not new duties on car imports but leverage to negotia...
Black Sea Regional Analysis
Russian Grain Markets: 14-18 May 2018 Domestic grain prices on the Russian market mainly increased for last season’s production in all regions except the South, which saw a drop as traders anticipated market entry of the new crop. Meanwhile, export prices decreased. The average milling wh...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Ramadan, the month of fasting, started last week in the region’s Muslim countries. It continues until about 16 June and is then followed by the Eid holidays. Business and banking hours will be reduced during this time, and customer conta...
Farm Bill Livestock Amendments; Unsettled Trade Deals Hit Broilers
Yesterday (16 May) the House passed the rule governing the floor debate on the farm bill by a vote of 229-185. Also covered under this rule are the Protect and Serve Act of 2018 and the Veterans Cemetery Benefit Correction Act. Should the farm bill struggle, those latter two bills provide a saf...
Bombs Beat Beans; The Trump Package; Organic Subterfuge
Bombs Beat Beans During the 1980s as the Cold War raged on, the Defense Department opined in the interagency process that U.S. agriculture’s attacks on the Common Agricultural Policy (CAP) were unhelpful. The military viewpoint was that “the CAP is the glue that holds Europe togethe...
Black Sea Regional Analysis
Russian Grain Markets: 7-11 May 2018 Rising minimal prices on the domestic market, driven in part by high demand from processors and growing prices for processed products, caused average prices to increase. The average milling wheat export price fell $2/MT to $213/MT FOB Black Sea, and purchase...