Turkey is expected to release up to 1.2 MMT from the government's 3 MMT of reserve stock local wheat into the country's market. This will certainly reduce the import demand for Black Sea wheat and will probably most affect Russian shippers
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran appears to have had another good crop year in 2013, similar to 2012. Both years show 10-15 percent above-average grain production. Iran's grain imports are expected to be considerably lower in 2013/14 compared with last year. This is because quite a bit of last year's record purchases targeted stock building after stocks had dropped very low as a result of sanction-reduced imports in 2010 and 2011. 2013/14 imports are expected to include 4...
What You Need to Know Today: Shipping in the Black Sea is at a standstill, with neither Ukraine nor Russia yet ready to swerve in this game of maritime and export brinkmanship. Israeli media suggests the U.S. and Iran may be close to making a deal or at least restoring the memorandum of unders...
Just when it seemed the restaurant industry had finally moved beyond the pandemic disruption, the arithmetic of the American food dollar caught up with it. The National Restaurant Association projects that total restaurant and foodservice sales will reach a record $1.55 trillion in 2026, but on...
Key Takeaways: Brazil’s pork exports have more than doubled since 2019 as competitive feed costs, ASF-free status, and expanding global demand have strengthened the country’s position in international markets. Brazil’s abundant domestic production of corn and soybeans provide...
