Turkey's soybean imports have increased by about 30 percent over the past three or four years and are expected to rise by another 200,000 MT in 2015/16. In turn, this is impacting the volume of soymeal it imports, mainly from South America.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran's agriculture minister is forecasting that domestic wheat production will reach 11 MMT this year and imports will drop by about 20 percent to below 2 MMT. Most of the grain trade believes this is an unrealistic estimate. Looking at the most recent FAO report on Iran, 6.3 MMT will need to be imported along with 5.3 MMT of maize and 1.7 MMT of barley.Egypt's supply ministry has announced that based on current inventory and stocks on orde...
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...
