MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s new state grain buyer – Mostakbal Misr – is rumored to have made significant wheat purchases for delivery in the next three months. All the purchases are said to be for Russian wheat. No details of the purchases are available but barter arrangements are mentioned regarding payment. Two shipments of wheat – 28,000 MT and 33,000 MT are said to have been shipped to the new buyer in the last few weeks.
Algeria is expected to still face drought-reduced wheat crop in 2024/25.
Iraqi officials have announced that 320,000 MT of wheat will be delivered to Lebanon. Shipment is expected to be by truck through Syria – assuming that the Syria si...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
Yesterday, the USDA released its monthly World Supply and Demand Estimates (WASDE), forecasting tighter beef and pork supplies and growing broiler supplies, resulting in a tighter red meat supply. Broiler production, however, continues to grow and is forecast to be up more than 3 percent. Beef...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
