Saudi Arabia's grain imports for 2015/16 are expected to rise by about 1 MMT to 17.4 MMT. This includes 8.5 MMT of barley, 3.6 MMT of corn, 3.8 MMT of wheat and 1.5 MMT of rice.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt’s government has advised that frozen meat will be imported from Sudan in an effort to control the recent meat price increases in the country. The local poultry and livestock industries are of course not happy about this as they have been struggling to stay profitable in an industry that is dependent on the import of major feed ingredients such as corn and soymeal. In recent weeks, the local meat prices have risen by 20 percent, and the government says that this is a major portion of the inc...
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...
