FOB Prices and Freight Rate App (Updated 1 December)
Ocean Freight Comments for 19 November 2020: By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s dro...
Interactive Ocean Freight Rates (Updated 1 December)
Ocean Freight Comments - 19 November 2020 By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s drop. De...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA An electrical fire at the main grain silo in Tartous Syria has meant that 35,000 MT of wheat had to be moved to other storage. The wheat was not damaged by the fire but there was some damage to the silos – total damage to the s...
Middle East, Mediterranean and Africa Regional Analysis
MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA It is reported in Egypt that the government cabinet supports a plan to grant tariff exemption to grain importers for the 14 percent freight VAT charge. The freight VAT, based on estimated freight costs, has created serious cost premiums for export fr...
Middle East, Mediterranean and Africa Regional Analysis
Regional Update MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Abu Dhabi’s state owned ADQ (formerly Abu Dhabi Development Holdings) has purchased a 45 percent stake in Louis Dreyfus Company (LDC). The actual purchase price has not been disclosed. LDC has 18,000 employees and 2019 turnover...
Perpetuating Dependence; 2021 Agenda
Perpetuating Dependence Members of the African Union want the EU to subsidize Africa’s capacity for producing value-added goods, and then they want Europe to import the resulting products. German Chancellor Angela Merkel is saying that Europe could concede better preferential access for g...
Sudan Overweight in Livestock
Sudanese officials have reportedly spoken to U.S. officials about Khartoum’s aspirations to both join the WTO, and export agricultural products to America like livestock products. The World Bank is also pushing Sudan to emphasize its food and livestock exports in the wake of collapsed pet...
MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Lebanon officials have said that the Beirut port silos will be demolished due to the extensive damage caused by the recent explosion in the port. The silos contained about 45,000 MT of grain at the time of the explosion and none of t...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Turkey has protested to the WTO about the Philippines extending its antidumping duties on Turkish flour. The Philippines intends to extend the duty by three years. It is interesting to note that, even with the antidumping duty, Turke...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA An atlas of Global Surface Water has just been published which shows the changes in surface water supply in the last 35 years – more than 4 million satellite images were analyzed along with data from the Google Earth platform...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Reports in Nigeria say that some imported maize has arrived but that the moisture content is too high for immediate use in poultry feed. A total of 262,000 MT of maize was allowed to be imported and has arrived. Syria’s Economy Minis...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt’s Consumer Price Index for “urban consumers” is said to have increased 3.8 percent in August with the year to date increase at 107.5 percent. In the past month meat and poultry prices have moved lower while cereals...
FOB Prices and Freight Rate App (Updated 1 December)
Ocean Freight Comments for 19 November 2020: By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s dro...
Interactive Ocean Freight Rates (Updated 1 December)
Ocean Freight Comments - 19 November 2020 By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s drop. De...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA An electrical fire at the main grain silo in Tartous Syria has meant that 35,000 MT of wheat had to be moved to other storage. The wheat was not damaged by the fire but there was some damage to the silos – total damage to the s...
Middle East, Mediterranean and Africa Regional Analysis
MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA It is reported in Egypt that the government cabinet supports a plan to grant tariff exemption to grain importers for the 14 percent freight VAT charge. The freight VAT, based on estimated freight costs, has created serious cost premiums for export fr...
Middle East, Mediterranean and Africa Regional Analysis
Regional Update MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Abu Dhabi’s state owned ADQ (formerly Abu Dhabi Development Holdings) has purchased a 45 percent stake in Louis Dreyfus Company (LDC). The actual purchase price has not been disclosed. LDC has 18,000 employees and 2019 turnover...
Perpetuating Dependence; 2021 Agenda
Perpetuating Dependence Members of the African Union want the EU to subsidize Africa’s capacity for producing value-added goods, and then they want Europe to import the resulting products. German Chancellor Angela Merkel is saying that Europe could concede better preferential access for g...
Sudan Overweight in Livestock
Sudanese officials have reportedly spoken to U.S. officials about Khartoum’s aspirations to both join the WTO, and export agricultural products to America like livestock products. The World Bank is also pushing Sudan to emphasize its food and livestock exports in the wake of collapsed pet...
MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Lebanon officials have said that the Beirut port silos will be demolished due to the extensive damage caused by the recent explosion in the port. The silos contained about 45,000 MT of grain at the time of the explosion and none of t...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Turkey has protested to the WTO about the Philippines extending its antidumping duties on Turkish flour. The Philippines intends to extend the duty by three years. It is interesting to note that, even with the antidumping duty, Turke...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA An atlas of Global Surface Water has just been published which shows the changes in surface water supply in the last 35 years – more than 4 million satellite images were analyzed along with data from the Google Earth platform...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Reports in Nigeria say that some imported maize has arrived but that the moisture content is too high for immediate use in poultry feed. A total of 262,000 MT of maize was allowed to be imported and has arrived. Syria’s Economy Minis...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt’s Consumer Price Index for “urban consumers” is said to have increased 3.8 percent in August with the year to date increase at 107.5 percent. In the past month meat and poultry prices have moved lower while cereals...