World Perspectives

Recent Middle East & Africa Analysis

FOB Prices and Freight Rate App (Updated 12 July)

Ocean Freight Comments - 12 July 2024 By Matt Herrington Dry bulk markets were mixed this week with paper and physical markets showing diverging trends. The Baltic Dry indexes were mostly higher this week (except for the Capesize sector, which posted late-week declines) but physical markets wer...

Interactive Ocean Freight Rates (Updated 12 July)

Ocean Freight Comments - 12 July 2024 By Matt Herrington Dry bulk markets were mixed this week with paper and physical markets showing diverging trends. The Baltic Dry indexes were mostly higher this week (except for the Capesize sector, which posted late-week declines) but physical markets wer...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is the largest importer of Russian wheat with imports of 8.6 MMT in MY 2023/24 that ended June 30.  Egypt’s government purchases of local wheat have reached 3.55 MMT causing the target purchase to...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt reports receiving 3.55 MMT of local wheat from farmers in this year’s harvest. The government’s local wheat buying target of 3.5 MMT has been exceeded. Egypt’s wheat reserves now stand at 6...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran’s wheat production is forecast by the FAO to be at 13.5 MMT out of total grain production of 19.8 MMT, including rice. Iran’s total grain imports are seen as reaching 14.9 MMT. Iran’s govern...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey’s announcement that it would stop wheat imports from June to October in order to protect local wheat production has surprised and upset the wheat trade in Turkey and internationally. Turkey’s la...

U.S. Pork Kept Out of Africa

At a recent hearing of the Senate Finance Committee, the National Pork Producers Council (NPPC) highlighted Africa’s call for the renewal of the African Growth and Opportunity Act (AGAO) while at the same time calling for the removal of South Africa and Nigeria from the agreement because...

feed-grains

El Niño Sparks Corn Demand

Corn production in Sub-Saharan Africa has been volatile for decades but when technology and investment should have been making it less so, it has instead gotten worse.  This year’s El Niño has helped make a bad situation worse. USAID’s Famine Early Warning System Networ...

wheat

Egypt Needs Wheat

Egypt’s General Authority for Supply Commodities (GASC) purchased 470 KMT of wheat today. It will come from four countries: Romania, France, Ukraine, and Bulgaria. Russia is notably absent. Egyptian President Abdel Fattah el-Sisi was re-elected with 90 percent of the vote and is now formi...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s government has decided to increase the price of subsidized “baladi” bread for the first time in 30 years. The price will increase by 400 percent from $0.001 per piece to $0.004 per piece...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is reportedly looking at the possibility of importing wheat from Zimbabwe, Mexico, and Sweden as part of its plans to increase the number of sources for its yearly wheat requirements. According to news repor...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iraq’s Kurdish Regional Government (KRG) hopes to reach an agreement with the government that would guarantee the purchase of 650,000 MT of KRG wheat production. In 2023, Iraq bought 500,000 MT of KRG wheat...

FOB Prices and Freight Rate App (Updated 12 July)

Ocean Freight Comments - 12 July 2024 By Matt Herrington Dry bulk markets were mixed this week with paper and physical markets showing diverging trends. The Baltic Dry indexes were mostly higher this week (except for the Capesize sector, which posted late-week declines) but physical markets wer...

Interactive Ocean Freight Rates (Updated 12 July)

Ocean Freight Comments - 12 July 2024 By Matt Herrington Dry bulk markets were mixed this week with paper and physical markets showing diverging trends. The Baltic Dry indexes were mostly higher this week (except for the Capesize sector, which posted late-week declines) but physical markets wer...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is the largest importer of Russian wheat with imports of 8.6 MMT in MY 2023/24 that ended June 30.  Egypt’s government purchases of local wheat have reached 3.55 MMT causing the target purchase to...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt reports receiving 3.55 MMT of local wheat from farmers in this year’s harvest. The government’s local wheat buying target of 3.5 MMT has been exceeded. Egypt’s wheat reserves now stand at 6...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran’s wheat production is forecast by the FAO to be at 13.5 MMT out of total grain production of 19.8 MMT, including rice. Iran’s total grain imports are seen as reaching 14.9 MMT. Iran’s govern...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey’s announcement that it would stop wheat imports from June to October in order to protect local wheat production has surprised and upset the wheat trade in Turkey and internationally. Turkey’s la...

U.S. Pork Kept Out of Africa

At a recent hearing of the Senate Finance Committee, the National Pork Producers Council (NPPC) highlighted Africa’s call for the renewal of the African Growth and Opportunity Act (AGAO) while at the same time calling for the removal of South Africa and Nigeria from the agreement because...

feed-grains

El Niño Sparks Corn Demand

Corn production in Sub-Saharan Africa has been volatile for decades but when technology and investment should have been making it less so, it has instead gotten worse.  This year’s El Niño has helped make a bad situation worse. USAID’s Famine Early Warning System Networ...

wheat

Egypt Needs Wheat

Egypt’s General Authority for Supply Commodities (GASC) purchased 470 KMT of wheat today. It will come from four countries: Romania, France, Ukraine, and Bulgaria. Russia is notably absent. Egyptian President Abdel Fattah el-Sisi was re-elected with 90 percent of the vote and is now formi...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s government has decided to increase the price of subsidized “baladi” bread for the first time in 30 years. The price will increase by 400 percent from $0.001 per piece to $0.004 per piece...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is reportedly looking at the possibility of importing wheat from Zimbabwe, Mexico, and Sweden as part of its plans to increase the number of sources for its yearly wheat requirements. According to news repor...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iraq’s Kurdish Regional Government (KRG) hopes to reach an agreement with the government that would guarantee the purchase of 650,000 MT of KRG wheat production. In 2023, Iraq bought 500,000 MT of KRG wheat...

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