FOB Prices and Freight Rate App (Updated 11 August)
Freight Comments for 6 August 2020: By Jay O'Neil Commodity Consulting Dry-bulk freight markets bumped up this week on support from cargo demand from the U.S. Gulf and East Coast South America to China. The Capesize market also helped move markets with better rates for Australian Iron Ore to C...
Interactive Ocean Freight Rates (Updated 11 August)
Ocean Freight Insights and Comments - 6 August 2020 By Jay O'Neil Commodity Consulting Dry-bulk freight markets bumped up this week on support from cargo demand from the U.S. Gulf and East Coast South America to China. The Capesize market also helped move markets with better rates for Au...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The government of Lebanon has said that while the Beirut grain silos were destroyed, there should be no shortage of grain as discharge of grain vessels will move to Tripoli port. The government adds that there is about 1.5 months whe...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA News from the Middle East and North Africa is limited this week due to the Eid al Adha holidays in the area – the holiday is normally four or five days, depending on the country. The World Bank is providing $202 million for the...
Pesticide Hesitancy; Unintended Slippage
Pesticide Hesitancy Vaccine hesitancy is the polite characterization of those who refuse vaccinations against disease. The World Health Organization (WHO) categorizes anti-vaxxers as one of the top ten health threats. The WHO’s sister agency, the Food & Agriculture Organization,...
Ag Review - July 2020
WPI's monthly publication features a review of the past month's market and policy developments. This issue covers such topics as the recovery in cattle prices, a new strategy in the corn market, a surge in the Chinese Dalian exchange, the role of soymeal in aquaculture, the importance of China...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The recent USDA-FAS report on Saudi Arabia’s barley trade says Arasco Saudi is marketing complete feed – Wafi brand – at a price about 20 percent lower than the price of imported barley. The report adds that this low pric...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Iran’s government has purchased 6 MMT of local wheat on its way to a total of 11 MMT. The wheat is being bought at a government set price to help control domestic wheat prices and to build wheat safety reserves. According to the late...
Cocoa Canary
Given their inelasticity, staple agricultural commodities are a poor indicator of economic health. However, luxury food items like cocoa may be a better indicator of the world’s recovery from the coronavirus. The December contract was up about 2 percent in today’s trading but remain...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Saudi Arabia’s SAGO has sold parts of two of the four flour milling operations covered by their milling privatization program. The First Milling Company was sold to Raha Al Safi consortium for $540 million and the Third Milling...
China is Officially a Presidential Campaign Issue
Both President Trump and Democratic nominee former Vice President Joe Biden have set their rhetorical sights on China policy as the 2020 Presidential campaign heats up. The Biden campaign unveiled its latest economic blueprint, a plan to “Ensure the Future is Made in all of America by All...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt and Pakistan are working on the possibility of Egypt importing meat and dairy products. Reports say that work is being done on revising health certificates and developing veterinary protocols to make this possible. The poultry...
FOB Prices and Freight Rate App (Updated 11 August)
Freight Comments for 6 August 2020: By Jay O'Neil Commodity Consulting Dry-bulk freight markets bumped up this week on support from cargo demand from the U.S. Gulf and East Coast South America to China. The Capesize market also helped move markets with better rates for Australian Iron Ore to C...
Interactive Ocean Freight Rates (Updated 11 August)
Ocean Freight Insights and Comments - 6 August 2020 By Jay O'Neil Commodity Consulting Dry-bulk freight markets bumped up this week on support from cargo demand from the U.S. Gulf and East Coast South America to China. The Capesize market also helped move markets with better rates for Au...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The government of Lebanon has said that while the Beirut grain silos were destroyed, there should be no shortage of grain as discharge of grain vessels will move to Tripoli port. The government adds that there is about 1.5 months whe...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA News from the Middle East and North Africa is limited this week due to the Eid al Adha holidays in the area – the holiday is normally four or five days, depending on the country. The World Bank is providing $202 million for the...
Pesticide Hesitancy; Unintended Slippage
Pesticide Hesitancy Vaccine hesitancy is the polite characterization of those who refuse vaccinations against disease. The World Health Organization (WHO) categorizes anti-vaxxers as one of the top ten health threats. The WHO’s sister agency, the Food & Agriculture Organization,...
Ag Review - July 2020
WPI's monthly publication features a review of the past month's market and policy developments. This issue covers such topics as the recovery in cattle prices, a new strategy in the corn market, a surge in the Chinese Dalian exchange, the role of soymeal in aquaculture, the importance of China...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The recent USDA-FAS report on Saudi Arabia’s barley trade says Arasco Saudi is marketing complete feed – Wafi brand – at a price about 20 percent lower than the price of imported barley. The report adds that this low pric...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Iran’s government has purchased 6 MMT of local wheat on its way to a total of 11 MMT. The wheat is being bought at a government set price to help control domestic wheat prices and to build wheat safety reserves. According to the late...
Cocoa Canary
Given their inelasticity, staple agricultural commodities are a poor indicator of economic health. However, luxury food items like cocoa may be a better indicator of the world’s recovery from the coronavirus. The December contract was up about 2 percent in today’s trading but remain...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Saudi Arabia’s SAGO has sold parts of two of the four flour milling operations covered by their milling privatization program. The First Milling Company was sold to Raha Al Safi consortium for $540 million and the Third Milling...
China is Officially a Presidential Campaign Issue
Both President Trump and Democratic nominee former Vice President Joe Biden have set their rhetorical sights on China policy as the 2020 Presidential campaign heats up. The Biden campaign unveiled its latest economic blueprint, a plan to “Ensure the Future is Made in all of America by All...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt and Pakistan are working on the possibility of Egypt importing meat and dairy products. Reports say that work is being done on revising health certificates and developing veterinary protocols to make this possible. The poultry...