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...
SOE Reform, Maybe; BRICS Hypocrisy
SOE Reform, Maybe The Trump Administration has been decrying the dominance of state-owned enterprises (SOE’s) in China’s economy and now that nation’s State-Owned Assets Supervision and Administration Commission has released guidelines for reform. But the Commission is looking...
Where to Find Meat
The ASF outbreak has brought much attention to the world’s tenuous supply of animal protein. China is the largest producer of pork in the world but produces less chicken meat than Ukraine and is far behind other major producers on a per capita basis. It produces half as much beef as the U...
Black Sea Regional Analysis
Russian Grain Markets: 28 October – 1 November 2019 Domestic Russian grain prices (excluding corn) were still growing despite the global downward trend. Growth of prices in Siberia was more significant due to demand for Siberian grain from Kazakhstan. Milling wheat export prices remained...
Southeast Europe Regional Analysis
Regional News The weather across Europe and the Black Sea remains widely variable with dramatically different implications for summer crop harvest and winter crop planting for each country. Broadly, conditions in France and northern Germany are too wet, which is delaying corn harvest and winter...
Black Sea Regional Analysis
Russian Grain Markets: 21-25 October 2019 Domestic Russian grain (excluding corn) prices kept growing at a higher rate than the previous week. Specifically, in Siberia there was a significant increase in prices due to active demand from Kazakhstan. Milling wheat export prices grew to $210...
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...
Southeast Europe Regional Analysis
Regional News Farmers across the UK, Ireland, France, and northern Germany are struggling to plant winter crops this fall due to heavy September rains. French winter wheat plantings are 29 percent complete, compared to the 50 percent that is typical for this time of year. French barley planting...
Black Sea Regional Analysis
Russian Grain Markets: 14-18 October 2019 Domestic Russian grain prices (excluding corn) continue to grow due to active demand from both domestic buyers and foreign importers. Corn prices decreased due to a progressing harvest that resulted in growing offers. Milling wheat export prices...
Southeast Europe Regional Analysis
Regional News Ukraine’s weekly seaport grain exports increased 47 percent last week, reaching 1.13 MMT. Wheat exports totaled 557,000 MT while corn shipments were 473,000 MT. For the 2019/20 marketing year today, Ukraine has shipped 16.106 MMT of grain, including 10.06 MMT of wheat and 2...
Black Sea Regional Analysis
Russian Grain Markets: 7-11 October 2019 Domestic Russian grain (including corn) prices kept growing due to active demand from both domestic buyers and foreign importers. Milling wheat export prices and feed barley average export price grew to $182/MT FOB Black Sea while average purchase price...
Black Sea Miracle
The return of the Black Sea region as the breadbasket of the world is really a story about productivity gain. Over a decade (2008 to 2017), both China and Indonesia increased their total crop output by around 25 percent, but they did this in part by expanding their cropped areas by 10.7 percent...
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...
SOE Reform, Maybe; BRICS Hypocrisy
SOE Reform, Maybe The Trump Administration has been decrying the dominance of state-owned enterprises (SOE’s) in China’s economy and now that nation’s State-Owned Assets Supervision and Administration Commission has released guidelines for reform. But the Commission is looking...
Where to Find Meat
The ASF outbreak has brought much attention to the world’s tenuous supply of animal protein. China is the largest producer of pork in the world but produces less chicken meat than Ukraine and is far behind other major producers on a per capita basis. It produces half as much beef as the U...
Black Sea Regional Analysis
Russian Grain Markets: 28 October – 1 November 2019 Domestic Russian grain prices (excluding corn) were still growing despite the global downward trend. Growth of prices in Siberia was more significant due to demand for Siberian grain from Kazakhstan. Milling wheat export prices remained...
Southeast Europe Regional Analysis
Regional News The weather across Europe and the Black Sea remains widely variable with dramatically different implications for summer crop harvest and winter crop planting for each country. Broadly, conditions in France and northern Germany are too wet, which is delaying corn harvest and winter...
Black Sea Regional Analysis
Russian Grain Markets: 21-25 October 2019 Domestic Russian grain (excluding corn) prices kept growing at a higher rate than the previous week. Specifically, in Siberia there was a significant increase in prices due to active demand from Kazakhstan. Milling wheat export prices grew to $210...
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...
Southeast Europe Regional Analysis
Regional News Farmers across the UK, Ireland, France, and northern Germany are struggling to plant winter crops this fall due to heavy September rains. French winter wheat plantings are 29 percent complete, compared to the 50 percent that is typical for this time of year. French barley planting...
Black Sea Regional Analysis
Russian Grain Markets: 14-18 October 2019 Domestic Russian grain prices (excluding corn) continue to grow due to active demand from both domestic buyers and foreign importers. Corn prices decreased due to a progressing harvest that resulted in growing offers. Milling wheat export prices...
Southeast Europe Regional Analysis
Regional News Ukraine’s weekly seaport grain exports increased 47 percent last week, reaching 1.13 MMT. Wheat exports totaled 557,000 MT while corn shipments were 473,000 MT. For the 2019/20 marketing year today, Ukraine has shipped 16.106 MMT of grain, including 10.06 MMT of wheat and 2...
Black Sea Regional Analysis
Russian Grain Markets: 7-11 October 2019 Domestic Russian grain (including corn) prices kept growing due to active demand from both domestic buyers and foreign importers. Milling wheat export prices and feed barley average export price grew to $182/MT FOB Black Sea while average purchase price...
Black Sea Miracle
The return of the Black Sea region as the breadbasket of the world is really a story about productivity gain. Over a decade (2008 to 2017), both China and Indonesia increased their total crop output by around 25 percent, but they did this in part by expanding their cropped areas by 10.7 percent...