Officials in Bangladesh have said that the country will import 950,000 MT of wheat in the 12-month period ending June 2016, a significant increase over the 300,000 MT in 2014/15. They are also taking specific steps to address the quality issues with recent shipments.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Recent reports indicate some good news for Egypt as tourism is up 4 percent from June 2014. This particular industry is a major consumer of local poultry, so any increase in visitors is of great value to that sector, which in turn is the major consumer of corn and soymeal. There was some bad news, though, as Ukrainian officials say Egypt will be buying 12,000 MT of that country's poultry meat, a major purchase com...
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...
