Egypt's plans to become a central grain hub for North Africa and the Middle East have apparently been accelerated with the government indicating that all port facilities will be now ready in a maximum of two years at a newly increased cost of $2.2 billion.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS According to reports from Egypt, that country's plans to become a central grain hub for North Africa and the Middle East are being brought forward. The program was originally expected to take five years to complete, but the Egyptian government is now indicating that all port facilities will be ready in a maximum of two years with estimated costs now pushed up by about $300 million to $2.2 billion. The port and logistics faciliti...
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...
