According to the FAO, Egypt's 2014/15 grain imports will drop by about 1 MMT against last year, but the total is still approximately 1 MMT greater than the five-year average. It expects wheat imports will remain at approximately 10 MMT due to several factors.
Middle East and Mediterranean Regional Analysis NEWS UPDATES Although not specific to the Middle East/North Africa (MENA) region, there were several developments that will impact it.Of interest to Middle Eastern grain importers is India's report that its current wheat stocks stand at 30.1 MMT, a decline from the total 34.1 MMT at this time last year. Its wheat exports, mainly to Asia and the Middle East, are expected to drop to approximately 3 MMT this year due to lower st...
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...
