FOB Prices and Freight Rate App (Updated 30 Nov.)
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
Interactive Ocean Freight Rates (Updated 30 Nov.)
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
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...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION MEA Region grain importers from the Black Sea are watching with interest the current meetings between the UN and Russia on the extension of the “grain corridor”. The current agreement expires 19 Novemb...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran said it is willing to make land available in Bandar Abbas port for a Kazakh grain transshipment facility. The facility is expected to be built using private sector investments from Kazakhstan. Iran is expecte...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION MEA region grain importers are going to suffer greatly if the Russian action ending the Ukraine grain export corridor continues. Ukraine says that the end to the corridor will affect 218 ships --- 95 that are wait...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Pakistan’s planting of wheat may be delayed by at least a month in a large area of the country due to the slow recovery of farmlands from the recent flooding. Estimates say that the flooding could have cause...
Middle East, Mediterranean and Africa Regional Analysis
This is an abbreviated report due to analysts’ travel obligations. Regional Food Crisis A trifecta of problems including soaring interest rates, high commodity prices and a depreciating national currencies are threatening food security across the Middle East/Africa region. Many of the cou...
Future Iranian Opportunity
Iran is a major importer of grains and vegetable oil, but its estrangement is getting worse. Now the EU has joined the U.S. in imposing sanctions on the Islamic Republic. The watershed was the death last month of Mahsa Amini, a 22-year-old woman who died in the custody of Tehran’s moralit...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkish officials said they want the Ukraine/Russia grain corridor agreement to be extended when it expires in November and that they are in discussions with both Russia and Ukraine. Jordan’s government anno...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION African grain importers from Russia may find that business is easier as Russia is looking at the possibility of providing trade financing to buyers through EXIM BANK and the Russian export credit agency. While the...
FOB Prices and Freight Rate App (Updated 30 Nov.)
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
Interactive Ocean Freight Rates (Updated 30 Nov.)
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
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...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION MEA Region grain importers from the Black Sea are watching with interest the current meetings between the UN and Russia on the extension of the “grain corridor”. The current agreement expires 19 Novemb...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran said it is willing to make land available in Bandar Abbas port for a Kazakh grain transshipment facility. The facility is expected to be built using private sector investments from Kazakhstan. Iran is expecte...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION MEA region grain importers are going to suffer greatly if the Russian action ending the Ukraine grain export corridor continues. Ukraine says that the end to the corridor will affect 218 ships --- 95 that are wait...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Pakistan’s planting of wheat may be delayed by at least a month in a large area of the country due to the slow recovery of farmlands from the recent flooding. Estimates say that the flooding could have cause...
Middle East, Mediterranean and Africa Regional Analysis
This is an abbreviated report due to analysts’ travel obligations. Regional Food Crisis A trifecta of problems including soaring interest rates, high commodity prices and a depreciating national currencies are threatening food security across the Middle East/Africa region. Many of the cou...
Future Iranian Opportunity
Iran is a major importer of grains and vegetable oil, but its estrangement is getting worse. Now the EU has joined the U.S. in imposing sanctions on the Islamic Republic. The watershed was the death last month of Mahsa Amini, a 22-year-old woman who died in the custody of Tehran’s moralit...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkish officials said they want the Ukraine/Russia grain corridor agreement to be extended when it expires in November and that they are in discussions with both Russia and Ukraine. Jordan’s government anno...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION African grain importers from Russia may find that business is easier as Russia is looking at the possibility of providing trade financing to buyers through EXIM BANK and the Russian export credit agency. While the...