Reports from Turkey indicate that the government is now strictly enforcing GMO import rules, which have resulted in the rejection of several vessels of U.S. origin DDGS. Buyers in Egypt and Israel are said to be looking at purchasing the refused cargo.
News Updates The Polish port of Gdynia is increasing its grain storage capacity by 60 percent in order to better service export grain customers in Morocco, Algeria, Saudi Arabia, Jordan and Egypt. Gdynia handles about 35 percent of Polish grain exports, a level that is expected to increase once the new grain storage is fully operational. MEDITERRANEAN/MIDDLE EAST COMMENTS Blumberg Grain USA is reported to have signed a $28 million contract with the Egyptian government for the mo...
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...
