Egypt's Chamber of Tourism reports that a side effect of the Russian situation is a 30 percent decline in hotel bookings. The decrease will have a serious effect on the domestic poultry industry, a major consumer of imported corn and soymeal, as the tourist sector is one of its major customers.
News Updates Due to the December/January Christmas and New Year holidays occurring in most exporting countries, grain activity in the Middle East/North Africa (MENA) region seems to be at a minimum as export offices are short-staffed during this period. MEDITERRANEAN/MIDDLE EAST COMMENTS Once again, the biggest news affecting the MENA region is the Russian wheat situation with the addition of an export tax beginning 1 February 2015. Thi...
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...
