Egypt' recent rate of population growth, 22.3 percent between 2006 and 2015, could mean a total of 100 million or more in less than five years. This will have an impact on future grain consumption as wheat imports rose by 45 percent during the 2006-15 period.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The most recent FAO report in Tunisia noted drops in wheat and barley production of 27 percent and 62 percent, respectively. These declines reflect the serious damage caused by the extremely hot weather at the end of the growing season, which had looked very good at its start until the heat arrived. Wheat production is expected to fall from 1.5 MMT to 1.1 MMT, while barley decreases from close to 800,000 MT to 300,000 MT...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
