FOB Prices and Freight Rate App (Updated 22 November)
Update for 22 November 2019: All other routes/offers updated through the day's close. Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price. Freight Comments for 21 November 2019: Jay O’Neil, O’Neil Commodity...
Interactive Ocean Freight Rates (Updated 22 November)
Data Updated Through: 22 November 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt. Ocean Freight Insights and Comments - 21 November 2019 By Jay O'Neil Commodity Consulting Many analysts have been using the term &ldq...
Oilseed Highlights: Egypt's Soybean Production, DDGS Exports to Australia and New Zealand
Egypt Wants to Double Soybean Production The government of Egypt has announced its plan to more than double its production of soybeans to reduce its dependence on vegoil imports. The government says the country produced 59,000 MT of soybeans in 2018/19 from 14,800 hectares. Its goal is to plant...
A Faint Light from Golden Rice
As someone who has for many years pursued a deep interest in the business and economics of agriculture and food, one of the greatest frustrations and disappointments is the organized, systematic opposition to nearly all the scientific and technical advances in food and agricultural production d...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS It looks to be good news for grain importers as most experts in the ocean freight business are expecting dry-bulk freight rates to be steady to lower over the next year. The long expected rally in prices due to new low-sulfur requirement level...
Sorghum’s Row
Sorghum was once the darling crop to grow because it was cheaper to produce than corn and environmentally friendly since it required less water. U.S. farmers nearly tripled the amount of sorghum they grew between 2011 and 2015, but since then production of the crop has fallen by 40 percent. Lik...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS: As had been rumored in recent weeks, Iran, Russia and Kazakhstan have now signed an official “memorandum of understanding” for the import of Russian and Kazakh wheat. However, according to the deputy Ag Minister the agreement will...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Wheat buyers in the MENA region will have to get used to higher prices for Russian wheat as farmers are holding back on selling wheat and Russian export prices have moved about 12 percent higher in the past few weeks. Reports in Russia say tha...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Depending on which news source you choose to believe, Iran could import 3 - 6 MMT of wheat in 2019/20. Iran is suffering from a bad year for wheat with floods in some areas and drought in others. The amount of wheat to be imported is probably...
Underconsumption Areas
Building demand becomes a central focus during times of abundant resource surpluses. Asia is the easiest due to its demographics and GDP growth but there is a renewed look at Africa. Countries like Ethiopia, Côte d’Ivoire, Senegal, Tanzania and Ghana all have economies growing at 6...
Oilseed Highlights: India Vegoil, U.S. Soy Sales, Egypt Vegoil Tender, Argentine Election
India’s Vegoil Imports to Increase by 1 MMT Per Year B.V. Mehta, the head of India’s Solvent Extractors Association (SEA), says India imports of vegoil are expected to grow by an additional 1 MMT per year over the next five years. India already is the world’s top importer of v...
Food Demand Present and Future
In recent years, a number of agricultural futurists have expressed concern about the ability of the world to increase the food supply enough to feed the world’s population in 2050. The world population currently is about 7.3 billion people, and although the rate at which population is gro...
FOB Prices and Freight Rate App (Updated 22 November)
Update for 22 November 2019: All other routes/offers updated through the day's close. Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price. Freight Comments for 21 November 2019: Jay O’Neil, O’Neil Commodity...
Interactive Ocean Freight Rates (Updated 22 November)
Data Updated Through: 22 November 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt. Ocean Freight Insights and Comments - 21 November 2019 By Jay O'Neil Commodity Consulting Many analysts have been using the term &ldq...
Oilseed Highlights: Egypt's Soybean Production, DDGS Exports to Australia and New Zealand
Egypt Wants to Double Soybean Production The government of Egypt has announced its plan to more than double its production of soybeans to reduce its dependence on vegoil imports. The government says the country produced 59,000 MT of soybeans in 2018/19 from 14,800 hectares. Its goal is to plant...
A Faint Light from Golden Rice
As someone who has for many years pursued a deep interest in the business and economics of agriculture and food, one of the greatest frustrations and disappointments is the organized, systematic opposition to nearly all the scientific and technical advances in food and agricultural production d...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS It looks to be good news for grain importers as most experts in the ocean freight business are expecting dry-bulk freight rates to be steady to lower over the next year. The long expected rally in prices due to new low-sulfur requirement level...
Sorghum’s Row
Sorghum was once the darling crop to grow because it was cheaper to produce than corn and environmentally friendly since it required less water. U.S. farmers nearly tripled the amount of sorghum they grew between 2011 and 2015, but since then production of the crop has fallen by 40 percent. Lik...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS: As had been rumored in recent weeks, Iran, Russia and Kazakhstan have now signed an official “memorandum of understanding” for the import of Russian and Kazakh wheat. However, according to the deputy Ag Minister the agreement will...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Wheat buyers in the MENA region will have to get used to higher prices for Russian wheat as farmers are holding back on selling wheat and Russian export prices have moved about 12 percent higher in the past few weeks. Reports in Russia say tha...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Depending on which news source you choose to believe, Iran could import 3 - 6 MMT of wheat in 2019/20. Iran is suffering from a bad year for wheat with floods in some areas and drought in others. The amount of wheat to be imported is probably...
Underconsumption Areas
Building demand becomes a central focus during times of abundant resource surpluses. Asia is the easiest due to its demographics and GDP growth but there is a renewed look at Africa. Countries like Ethiopia, Côte d’Ivoire, Senegal, Tanzania and Ghana all have economies growing at 6...
Oilseed Highlights: India Vegoil, U.S. Soy Sales, Egypt Vegoil Tender, Argentine Election
India’s Vegoil Imports to Increase by 1 MMT Per Year B.V. Mehta, the head of India’s Solvent Extractors Association (SEA), says India imports of vegoil are expected to grow by an additional 1 MMT per year over the next five years. India already is the world’s top importer of v...
Food Demand Present and Future
In recent years, a number of agricultural futurists have expressed concern about the ability of the world to increase the food supply enough to feed the world’s population in 2050. The world population currently is about 7.3 billion people, and although the rate at which population is gro...