According to the FAO, Egypt's wheat and corn crops this year will be slightly above average size this year, but it expects that the country will have to import a near record 18.2 MMT of grain in 2014/15, a 5 percent increase from 2013/14.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Muslim holy month of Ramadan begins this upcoming weekend on either 28 or 29 June and ends about 29 July. Commercial activity will be reduced due to shorter office working hours for business, bank and government offices. As an example, the United Arab Emirates (UAE) has set official government working hours as 9AM-2PM, two hours fewer per day than normal.Ukrainian exporters expect that Turkey will again this year be the main destination for t...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
