According to Egypt's Agricultural Research Center (ARC), approximately 14 percent of the country's wheat production is lost annually. It also said that Egypt will not be able to expand grain-growing areas and can only reach self-sufficiency through improved crop yields.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS After several years of steadily declining tourist arrivals, it seems that Egypt may be seeing an uptick in the last quarter of 2014. Visitors in September were up by close to 200 percent over 2013, and December pre-bookings are said to be very strong. This is a tremendous boost for the tourism sector, but is equally as important to the poultry industry as tourists in the past have always been major consumers of loc...
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...