Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt, at the end of July, is once again the largest importer of maize from Brazil at about 2.6 million MT from January to July — followed by Iran at 1.1 MMT, Algeria at 665,000 MT, Saudi Arabia at 435,000 MT, and Israel at 220,000 MT. Egypt Grain Situation:
Wheat – Private-sector stocks of wheat are said to be very low due to the Black Sea situation. Private-sector stocks are said to cover only one month’s consumption. It is also difficult to obtain shipments from Constanza due to long vessel lineups. France is now shipping wheat to Egypt, with several cargoes said to be booked. Maize – Supply is very good in Egypt, with continued shipments from Brazi...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
Key Takeaways: Dry bulk markets are mixed this week with larger vessel classes seeing strong demand from iron ore and coal while Supramax and Handysize rates remain steady. Congestion at the Panama Canal has eased but forward booking slots are showing signs of bottlenecks as draft levels...
