Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The first shipment of 2,200 MT of Indian wheat has arrived in Kabul, Afghanistan via Iran’s Chabahar port. Another 60,000 MT are reported to be in Chabahar, the first lot of an estimated 1.1 MMT destined for various locations in Afghanistan. The initial shipment was greeted in Kabul by the agriculture ministry and the Indian embassy’s deputy chief of mission. Also in Afghanistan, the government has announced plans to build five wheat storage facilities with a total capacity of more than 150,000 MT. They will be located in the five provinces of Baghlan, Balkh, Kandahar, Herat and Kabul, and some financing will be provided by the World Bank. Upon completion, the number of such...
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...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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...
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