Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Libya imports about 90 percent of its grain needs every year with total imports for 2022/23 forecasted by the FAO to be at 3.2 MMT, about the same as last year. More than 50 percent of Libya’s imports of wheat, barley, and maize have come from the Ukraine and Russia in the past. Libya imports about 1.55 MMT of wheat. 1 MMT of barley and 650,000 MT of maize. Saudi Arabia’s SAGO is reported to have purchased about 35,000 MT of locally grown wheat so far this season. Egypt reports that its wheat reserves are at seven months consumption. Egypt officials say that the 180,000 MT wheat purchase from India is still valid but that the wheat has not bee...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
From WPI Consulting
Illuminating the value of technical research
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