Along with Egypt's new wheat relationship with Russia, there is news that it will have a direct freight service to Black Sea Russia in order to facilitate the flow of Egyptian fruit and vegetables to that country and the shipping of grain back to Egypt.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Egyptian government sold over $800 million in debt certificates for the new Suez Canal project on the first day of issue. The certificates are solely available in Egyptian pounds and only to Egyptian nationals and companies at an interest rate of 12 percent over a five-year payment term. The government is looking to finance as much of the $8.4 billion project as possible through this investment scheme.Along with Egypt's new whe...
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...
