Morocco's overall wheat and barley plantings are up by about 11 percent with production expected to increase by 69 percent compared with last year. Wheat imports are forecast to drop as a result, and the government has raised the wheat import tariff to 75 percent.
Regional Updates Mediterranean/Middle East Comments According to the latest USDA/FAS report on Morocco, overall wheat and barley plantings are up by about 11 percent. Production is expected to increase by 69 percent from last year's very low total of 11.5 MMT, which included 5.6 MMT of wheat, 2.4 MMT of durum and 3.5 MMT of barley. As a result of the good crop year, wheat imports are forecast to drop by about 20 percent to 2.8 MMT. The Moroccan government has recently...
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...
