Syria and Italy are reportedly discussing a trade involving 100,000 MT of Syrian durum wheat for 100,000 MT of soft milling wheat. This type of countertrade could provide a good alternative to difficult payment methods associated with Syria.
Regional Updates Of major importance to wheat importers in the Middle East/North Africa (MENA) region have been all the comments this week concerning Russia's wheat export taxes. That country's prime minister has said that the government is seeking proposals by mid-April regarding extension of the taxes beyond 1 July. However, domestic economic experts say that there is no need for prolonging it. Russian grain producers had approached the government with a proposal to lift the taxes in April...
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...