FOB Prices and Freight Rate App (Updated 22 July)
Ocean Freight Comments - 22 July 2021 By Jay O'Neil Commodity Consulting It was another mixed week in dry-bulk markets without any well-defined direction. Markets were down and took away some recent excitement but did not indicate that a new trend has developed. Port weather problems in China,...
Interactive Ocean Freight Rates (Updated 22 July)
Ocean Freight Comments - 22 July 2021 By Jay O'Neil Commodity Consulting It was another mixed week in dry-bulk markets without any well-defined direction. Markets were down and took away some recent excitement but did not indicate that a new trend has developed. Port weather problems in Chi...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Saudi Arabia flour mill sales for the Second and Fourth Milling Companies has reportedly been signed. The sale was announced in April 2021 but details that needed sorting out delayed the signing until last week. The total selli...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Eid Holidays Muslim countries in the region will be closed for the Eid Al Adha religious celebrations from 18-22 July in most countries. Egypt Project Funding Egypt has announced that it has received international financing in the am...
WASDE Wheat
USDA’s July outlook for U.S. wheat in 2021/22 is for reduced supplies, lower domestic use and exports, and decreased ending stocks. Supplies are lowered on reduced wheat production and beginning stocks. All wheat production is lowered 152 million bushels to 1,746 million. ...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The Moroccan Government has increased its estimate of the grain crops as a result of very good growing weather. It expects that the total wheat and barley crop will reach 9.8 MMT which is 26 percent higher than last year. Common whea...
Beans Make Meat
The USDA/FAS attaché in Lagos says that Nigerian soybean production and consumption is back on the rise. Soybean consumption will rise 38 percent in 2021/22 and production is up 43 percent compared to the estimate for 2020/21. Based on historical demand, this likely means that the countr...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Algeria is expected to receive a shipment of 28,000 MT of Russian wheat – the first in at least four years. Bangladesh reportedly signed a government-to-government arrangement with Russia for the supply of 200,000 MT of wheat...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan’s Economic Coordination Committee has approved the importation of 3 MMT of wheat for strategic stocks. Tenders will be issued by the Trading Corporation of Pakistan with importation by PASSCO, the government storage ag...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA According to recent reports, India will export about 400,000 MT of corn in June and July with some of the exports going to Bangladesh and Sri Lanka and the rest to Asian destinations. For the first time in several years, Indian corn...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Tunisia’s government expects the grain crop this year will be 1.07 MMT of durum wheat, 0.16 MMT of soft wheat, and 0.40 MMT of barley. The overall total is up by 7 percent on last year. The U.S. Grains Council has been working...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Grain importers in the region were very interested in Russia’s announcement of its new export taxes. From 2 June, wheat will be taxed at $28.10 MT which is $32.59 MT less than the current tax. Barley exports will be taxed at $3...
FOB Prices and Freight Rate App (Updated 22 July)
Ocean Freight Comments - 22 July 2021 By Jay O'Neil Commodity Consulting It was another mixed week in dry-bulk markets without any well-defined direction. Markets were down and took away some recent excitement but did not indicate that a new trend has developed. Port weather problems in China,...
Interactive Ocean Freight Rates (Updated 22 July)
Ocean Freight Comments - 22 July 2021 By Jay O'Neil Commodity Consulting It was another mixed week in dry-bulk markets without any well-defined direction. Markets were down and took away some recent excitement but did not indicate that a new trend has developed. Port weather problems in Chi...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Saudi Arabia flour mill sales for the Second and Fourth Milling Companies has reportedly been signed. The sale was announced in April 2021 but details that needed sorting out delayed the signing until last week. The total selli...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Eid Holidays Muslim countries in the region will be closed for the Eid Al Adha religious celebrations from 18-22 July in most countries. Egypt Project Funding Egypt has announced that it has received international financing in the am...
WASDE Wheat
USDA’s July outlook for U.S. wheat in 2021/22 is for reduced supplies, lower domestic use and exports, and decreased ending stocks. Supplies are lowered on reduced wheat production and beginning stocks. All wheat production is lowered 152 million bushels to 1,746 million. ...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The Moroccan Government has increased its estimate of the grain crops as a result of very good growing weather. It expects that the total wheat and barley crop will reach 9.8 MMT which is 26 percent higher than last year. Common whea...
Beans Make Meat
The USDA/FAS attaché in Lagos says that Nigerian soybean production and consumption is back on the rise. Soybean consumption will rise 38 percent in 2021/22 and production is up 43 percent compared to the estimate for 2020/21. Based on historical demand, this likely means that the countr...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Algeria is expected to receive a shipment of 28,000 MT of Russian wheat – the first in at least four years. Bangladesh reportedly signed a government-to-government arrangement with Russia for the supply of 200,000 MT of wheat...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan’s Economic Coordination Committee has approved the importation of 3 MMT of wheat for strategic stocks. Tenders will be issued by the Trading Corporation of Pakistan with importation by PASSCO, the government storage ag...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA According to recent reports, India will export about 400,000 MT of corn in June and July with some of the exports going to Bangladesh and Sri Lanka and the rest to Asian destinations. For the first time in several years, Indian corn...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Tunisia’s government expects the grain crop this year will be 1.07 MMT of durum wheat, 0.16 MMT of soft wheat, and 0.40 MMT of barley. The overall total is up by 7 percent on last year. The U.S. Grains Council has been working...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Grain importers in the region were very interested in Russia’s announcement of its new export taxes. From 2 June, wheat will be taxed at $28.10 MT which is $32.59 MT less than the current tax. Barley exports will be taxed at $3...