Iran's government announced that it will be working with the FAO to improve domestic wheat and barley production. While some say that the country is approaching self-sufficiency in wheat, the ministry of supply indicates that imports will continue to be required for several years.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Tunisian government reports that 2014 imports of durum wheat and corn are up 19 percent and 9 percent, respectively, compared with last year. Meanwhile, soft wheat and barley imports have dropped 6 percent and an amazing 62 percent, respectively.Almunajem Group, a Saudi Arabian company, has bought 25 percent of the insolvent French poultry producer Groupe Doux after issuing it a loan two years ago w...
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...