Turkey's poultry industry is benefiting greatly from the Russian ban on EU imports with a jump in its poultry meat exports from approximately 50 MT per month to almost 6,000 MT in October. The country is also set to be the beneficiary of a $300 million allocation from USDA's GSM-102 program.
News Updates USDA Export Credit Guarantee Program (GSM-102) allocations for FY 2015 were announced 5 November 2014 with $237 million directed to the Africa/Middle East region and $300 million to Turkey. These two appropriations are a small part of the overall $2.7 billion global GSM-102 program.While not strictly within the Middle East/North Africa (MENA) region, it is of importance to note that Pakistan has imposed a 20 percent duty on all...
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...
