Black Sea wheat supplies are diminishing and Middle East & North Africa (MENA) buyers are going to have to look to other sources until the next harvest in 2014. European grain experts believe that the French shipments to the region are going to continue at record levels.

  News Updates Mediterranean/Middle East Comments As a follow-up to last week's report on Egypt's cancellation of 60,000 MT of Romanian wheat, it is reported in the trade that the reason was a problem with the shipper's performance bond that was either not in the format required by GASC or not available in time. There was no issue with the Romanian wheat.Effective in January 2014, the Central Bank of Egypt has increased the maximum allowed transfer of foreign...