Egypt is considering a free trade zone with Russia, Kazakhstan and Belarus, also known as the Eurasian Economic Union. This would allow for increased exports of its agricultural goods to these countries, while providing a steady and secure source for wheat imports.
News Updates Local wheat importers will be pleased with the U.S. Wheat Associates (USW) announcement that Ian Flagg has been promoted to the position of regional director for the entire Middle East/North Africa (MENA) region. Mr. Flagg had been the assistant regional director since 2009, originally based in USW's Cairo location and more recently in its Casablanca office. MEDITERRANEAN/MIDDLE EAST COMMENTS The Egyptian government has announced that the purchase price...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
