Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS The government of Pakistan has announced that 400,000 MT of wheat will be imported, duty free, to cover the existing wheat shortage and to get wheat flour prices back to a more normal level. The importation will be allowed up unti...
FOB Prices and Freight Rate App (Updated 17 January)
Update for 17 January 2020: All other routes/offers updated through the day's close. Freight Comments for 16 January 2020: Jay O’Neil, O’Neil Commodity Consulting Panamax Dry-Bulk markets got a little bonce this week as paper traders believe they saw a buying opportun...
Interactive Ocean Freight Rates (Updated 17 January)
Data Updated Through: 17 January 2020 Ocean Freight Insights and Comments - 16 January 2020 By Jay O'Neil Commodity Consulting Panamax Dry-Bulk markets got a little bonce this week as paper traders believe they saw a buying opportunity. Capesize markets, however, are still struggling,...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt says that it will establish a commodities exchange for the trading of items that will include wheat, sugar, corn and rice – both locally produced and imported. They say that it will be in place in the next 36 to 48 weeks. Several q...
Evolving Persian Diet
Tensions between the U.S. and Iran have a long history, being particularly intense since 1979. Although food has not been a formal part of the sanctions imposed by Washington, their adverse impact on Iran’s economy have nonetheless impacted dietary consumption. Once a major wh...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The ports of Alexandria and Dekheila on the Mediterranean in Egypt have reopened after being closed for two days due to bad weather. Ships at berth were allowed to continue loading or discharging but no vessels were allowed to enter or leave t...
Perspectives on Oil Markets After the U.S. Airstrike
The U.S. drone strike on Major General Qassem Soleimani marked a change in U.S. policy toward Iran. For the past year or more, the Trump Administration has positioned its Iranian policy as a de-escalation of military conflict and an increase in economic sanctions, having pulled out of the Iran...
Coming Decade of Asian Growth to “Energize” Global Trade
Since the post-World War II era and the establishment of the General Agreement on Tariffs and Trade (GATT) and its successor, the WTO, there has been one general rule of thumb: economic growth in developing countries drives commodity demand, be it for energy, raw materials or agriculture and fo...
Ephemeral Market Reaction
Markets reportedly reacted today to the U.S. killing of Iranian Maj. Gen. Qassim Suleimani by falling in values and the price of oil rising. However, it is a classic example of a knee-jerk reaction. Middle East tensions run through the region’s history with the larger events in recent dec...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Morocco has announced that the duty on durum and soft wheat imports will be suspended from 1 January - 30 April 2020. This is being done to “ensure a regular supply of wheat and to maintain price stability”. Trade experts say that...
Ag Review - December 2019
WPI's monthly publication features a review of the past month's market and policy developments. There are articles covering the trade war impacts, oil and ethanol developments, a potential next cattle ranching frontier, farm proposals and more. ...
Oilseed Highlights - Containers; Biodiesel; China Imports
Record High Soybean Container Exports Monday’s export inspections report indicated that USDA personnel inspected 1,083,866 MT of soybeans during the week ending December 19. Included in that amount was 113,271 MT of soybeans to be exported in containers. That was an unusually large...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS The government of Pakistan has announced that 400,000 MT of wheat will be imported, duty free, to cover the existing wheat shortage and to get wheat flour prices back to a more normal level. The importation will be allowed up unti...
FOB Prices and Freight Rate App (Updated 17 January)
Update for 17 January 2020: All other routes/offers updated through the day's close. Freight Comments for 16 January 2020: Jay O’Neil, O’Neil Commodity Consulting Panamax Dry-Bulk markets got a little bonce this week as paper traders believe they saw a buying opportun...
Interactive Ocean Freight Rates (Updated 17 January)
Data Updated Through: 17 January 2020 Ocean Freight Insights and Comments - 16 January 2020 By Jay O'Neil Commodity Consulting Panamax Dry-Bulk markets got a little bonce this week as paper traders believe they saw a buying opportunity. Capesize markets, however, are still struggling,...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt says that it will establish a commodities exchange for the trading of items that will include wheat, sugar, corn and rice – both locally produced and imported. They say that it will be in place in the next 36 to 48 weeks. Several q...
Evolving Persian Diet
Tensions between the U.S. and Iran have a long history, being particularly intense since 1979. Although food has not been a formal part of the sanctions imposed by Washington, their adverse impact on Iran’s economy have nonetheless impacted dietary consumption. Once a major wh...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The ports of Alexandria and Dekheila on the Mediterranean in Egypt have reopened after being closed for two days due to bad weather. Ships at berth were allowed to continue loading or discharging but no vessels were allowed to enter or leave t...
Perspectives on Oil Markets After the U.S. Airstrike
The U.S. drone strike on Major General Qassem Soleimani marked a change in U.S. policy toward Iran. For the past year or more, the Trump Administration has positioned its Iranian policy as a de-escalation of military conflict and an increase in economic sanctions, having pulled out of the Iran...
Coming Decade of Asian Growth to “Energize” Global Trade
Since the post-World War II era and the establishment of the General Agreement on Tariffs and Trade (GATT) and its successor, the WTO, there has been one general rule of thumb: economic growth in developing countries drives commodity demand, be it for energy, raw materials or agriculture and fo...
Ephemeral Market Reaction
Markets reportedly reacted today to the U.S. killing of Iranian Maj. Gen. Qassim Suleimani by falling in values and the price of oil rising. However, it is a classic example of a knee-jerk reaction. Middle East tensions run through the region’s history with the larger events in recent dec...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Morocco has announced that the duty on durum and soft wheat imports will be suspended from 1 January - 30 April 2020. This is being done to “ensure a regular supply of wheat and to maintain price stability”. Trade experts say that...
Ag Review - December 2019
WPI's monthly publication features a review of the past month's market and policy developments. There are articles covering the trade war impacts, oil and ethanol developments, a potential next cattle ranching frontier, farm proposals and more. ...
Oilseed Highlights - Containers; Biodiesel; China Imports
Record High Soybean Container Exports Monday’s export inspections report indicated that USDA personnel inspected 1,083,866 MT of soybeans during the week ending December 19. Included in that amount was 113,271 MT of soybeans to be exported in containers. That was an unusually large...