The Egyptian government announced that it plans to update/repair all port discharge equipment. This is intended to significantly reduce the unloading time for grain vessels from the current 12-day average.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Egyptian government announced that it plans to update/repair all port discharge equipment. This is intended to reduce the unloading time for grain vessels from the current 12-day average to approximately six days or perhaps even five and would require an increase in the daily discharge rate to about 10,000 MT/day. The government has said that it will also undertake improving the paperwork processes as an additional measure toward reducing the discharge delays.Egypt repor...
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 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...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...