Turkey's poultry industry is benefiting greatly from the Russian ban on EU imports with a jump in its poultry meat exports from approximately 50 MT per month to almost 6,000 MT in October. The country is also set to be the beneficiary of a $300 million allocation from USDA's GSM-102 program.
News Updates USDA Export Credit Guarantee Program (GSM-102) allocations for FY 2015 were announced 5 November 2014 with $237 million directed to the Africa/Middle East region and $300 million to Turkey. These two appropriations are a small part of the overall $2.7 billion global GSM-102 program.While not strictly within the Middle East/North Africa (MENA) region, it is of importance to note that Pakistan has imposed a 20 percent duty on all...
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...
