Egypt is considering a free trade zone with Russia, Kazakhstan and Belarus, also known as the Eurasian Economic Union. This would allow for increased exports of its agricultural goods to these countries, while providing a steady and secure source for wheat imports.
News Updates Local wheat importers will be pleased with the U.S. Wheat Associates (USW) announcement that Ian Flagg has been promoted to the position of regional director for the entire Middle East/North Africa (MENA) region. Mr. Flagg had been the assistant regional director since 2009, originally based in USW's Cairo location and more recently in its Casablanca office. MEDITERRANEAN/MIDDLE EAST COMMENTS The Egyptian government has announced that the purchase price...
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...
